ISM announced the winners of the Sixth Annual ISM Awards for Excellence in Supply Management. The five award winners will be recognized and share their winning stories in Orlando, Florida, during ISM's 96th International Supply Management Conference, May 15-18, 2011.
You can view the winning organizations' submissions and related articles by clicking on the links below.
Delphi is a leading global supplier of electronics and technologies for automotive, commercial vehicle and other market segments. Delphi's award-winning entry detailed how they developed and deployed a software application that quantifies the total cost of ownership. The point-of-use tool captures information necessary to make sourcing decisions based on the total cost of acquisition.
Georgia Department of Administrative Services, State Purchasing Division
Georgia Department of Administrative Services, State Purchasing Division created Spend Management Analytics, a refreshable spend cube to provide analyze financial data across multiple agencies and dimensions. Its use with the e-procurement system, Team Georgia Marketplace™, forms the Spend Under Management (SUM) Initiative, which is a process improvement effort to monitor and analyze statewide purchasing activity.
IBM invents and integrates hardware, software and services to help forward-thinking enterprises, institutions and people succeed. To win one of the ISM Awards for Excellence in Supply Management, IBM revealed how their environmental and social leadership helped suppliers reduce costs and energy consumption by optimizing resources.
L-3 is a major aerospace and defense prime contractor that designs, manufactures and supports products, subsystems and systems that help ensure national and global security. L-3 was recognized as a winner for developing a process to help mitigate the risks and costs associated with component obsolescence and counterfeit parts in the supply chain.
Pfizer is the world's largest research-based pharmaceutical company. They strive to set the standard for quality, safety and value in the discovery, development and manufacturing of medicines for people and animals. The Pfizer Worldwide Procurement Professional Services team developed and implemented a new set of processes in the nontraditional spend areas of consulting and legal services. This approach yielded a cumulative savings of more than US$370 million during the designed time period and being named one of the winners of the 2011 ISM Awards for Excellence in Supply Management.