Steelmaker Severstal in Sparrows Point, Md., was honored with the Vendor of the Year and the Steel Vendor of the Year Award from N.B. Handy Co.

Lynchburg, Va.-based N.B. Handy, an independent distributor of HVAC equipment and sheet metal supplies, announced its top suppliers of 2008.

This recognition honored N.B. Handy’s “preferred vendors” for outstanding performance during the 2008 calendar year.  Vendors must score well on an in-depth objective and subjective evaluation.

Vendor evaluation is divided into four categories: delivery, finance, service and growth.

“The purpose of our vendor performance review and recognition process is threefold. First, we want to clearly convey the metrics that are meaningful to N.B. Handy that, if achieved at best-practice levels, can positively impact our costs, profits and revenues,” said Sam Meeks, vice president of vendor management and procurement. “Achievement on the various metrics strongly influences decisions and the how we spend our purchasing dollars. Second, we use our face-to-face reviews as an opportunity to discuss, understand, and improve upon our relationships. Third, using our rigorous program, we have the ability to compare scores and recognize our top performers for that year. We get to convey to that group a very special appreciation for a job done exceedingly well.”

The 2008 top suppliers include several first-time winners and another special distinction: In years past, N.B. Handy has distinguished two top awards, Vendor or the Year and Steel Vendor of the Year. This year, Severstal took both honors.

N.B. Handy also recognized suppliers with an Outstanding Sales Performance Award. They are: Atco Rubber, Berger Brothers, Ductmate Industries, Duro Dyne, GAF Commercial Roofing, Gray Metals, JM International-Mechanical Insulation and Quietflex.