The Importance of Release Accounting to Automotive Suppliers - One Supplier’s Story
Carpenter Enterprises Ltd., located in Traverse City, Michigan, serves as an excellent example of the benefits experienced after automating release accounting. Carpenter Enterprises supplies vehicle manufacturers with machining casting services, specializing in over 30 precision engine and suspension components. The company is a Tier 1 and Tier 2 supplier to four North American OEMs: Honda, GM, Nissan and Mitsubishi. Carpenter offers customers expertise in automated machining systems such as CNC technology, dial index machining, and transfer machining. The privately held supplier employs 380 people and generates $135 million revenues annually.
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