News

PLI Attends PowerPlex Conference

A team of 5 key Phoenix Logistics (PLI) associates recently attended a three day PowerPlex conference to learn of new enhancements to the company's online ERP system, Plex. The PowerPlex 2010 conference focused on capitalizing on new growth opportunities and improving efficiencies and margins utilizing the cloud based Plex ERP system. Over the course of the three day conference PLI associates had the chance to see improvements to the system first hand and to give feedback to Plex personnel about ways the system can be improved. "We value the close working relationship we have with Plex," said PLI Operations Manager Danny Dong, " It has allowed us to customize the ERP system to meet the unique requirements of serving the Aerospace Defense industry." PLI COO Ben Sommerville sits on the Plex advisory board.

 

PLI Renews $750,000 Credit Facility

Phoenix Logistics (PLI) is pleased to announce the renewal of its Operating Line of Credit with First Fidelity Bank.  The $750,000 credit facility was renewed at more favorable terms and reduced costs.  During a time when banks are very careful to extend loans, the renewal is a testament to PLI’s financial performance and strength according to Scot Neville, the company’s Chief Financial Officer.  “Although we rarely have a need to utilize the LOC due to our outstanding cash management efforts, it’s a valuable resource that enables us to take quick advantage of strategic inventory purchases or business opportunities.  We can also quickly financially respond to any surge in production levels” says Neville.

 

PLI Wins PM100 High-Achiever Award for Data and Integration Mastery

Phoenix Logistics was recognized with the PM100 “High Achiever” award for Data and Integration Mastery at yesterday’s Progressive Manufacturing 100 Award Gala in Palm Beach, Florida. Ben Sommerville, chief operating officer of Phoenix Logistics, was on hand to accept the special award.

Sommerville stated, “Receiving this award is truly an honor and testament to all of the hard work by each and every Associate at Phoenix Logistics. Our company mission is ‘to enhance the success of our customers, Associates and suppliers,’ and this award is proof that we are truly accomplishing this.”

“Phoenix Logistics has experienced incredible growth in the past two years,” continued Sommerville, “and having the right team and integrated system has made the growth, and this award, possible.”

 

PLI Achieves D&B Rating of 3A1

Phoenix Logistics (PLI) is proud to announce that it has achieved a Dunn & Bradstreet composite credit rating of 3A1.  This D&B rating is the highest available for companies of PLI’s size.  This rating is achieved and maintained through outstanding cash management efforts of PLI’s Finance Team according to Scot Neville, PLI’s Chief Financial Officer.  “We value our suppliers and endeavor to be consistent and timely in our payments for goods and services” said Neville.

 


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News

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