Supply Management Students Receive 2006 R. Gene Richter Scholarship Awards

FOR RELEASE: May 8, 2006

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Jean McHale
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Scholars Honored in Minneapolis at Institute for Supply Management™'s 91st Annual International Supply Management Conference

TEMPE, Ariz., May 8, 2006 — Six recipients of R. Gene Richter Scholarships were honored May 8, 2006, at the R. Gene and Nancy D. Richter Foundation Awards Presentation Dinner. The invitation-only event was held during Institute for Supply Management™'s (ISM) 91st Annual International Supply Management Conference and Educational Exhibit in Minneapolis.

Now in its third year, the R. Gene Richter Scholarship Program has grown to be the largest nationally recognized scholarship program in the field of supply chain management. The purpose of the program is to identify the future leaders of supply management and fast-track them into the profession through a combination of tuition assistance and mentoring programs. Winners of the R. Gene Richter Scholarship Award receive tuition assistance of up to $5,000. Richter Scholars are also offered the benefits of two mentoring programs: the Executive Mentoring Program which pairs the student with an established executive in the field, and the Junior Mentoring Program which pairs the student with a young professional from the Richter Scholar Class of 2004. Additionally, Richter Scholars are guests of ISM at its Annual International Supply Management Conference.

The R. Gene Richter Scholarship Program was established in memory of supply management innovator and leader R. Gene Richter. Richter is admired for elevating the profession to world-class stature. He led the supply organizations at The Black & Decker Corporation, Hewlett-Packard and International Business Machines (IBM).

Supply management scholars honored at the R. Gene Richter Scholarship Awards Dinner include:

Beth Aven — Beth Aven is a senior at Western Michigan University's (WMU) Haworth College of Business in Kalamazoo, Michigan. She is preparing to graduate in April 2007 with a bachelor's degree in business administration with a major in integrated supply chain management. "Supply chain management keeps me challenged and motivated to make improvements in how we do business in the United States today," Aven says.

Matthew A. Lefeld — Matt Lefeld is entering his senior year at Bowling Green State University in Bowling Green, Ohio. He is preparing to graduate in May 2007 with a bachelor's degree in business administration with a major in supply chain management. "Supply chain management offers opportunities to work for big-time companies dealing with all kinds of suppliers, where negotiation and relationship maintenance plays a very important role," Lefeld says. "I think there is a bright, expanding future for supply chain management, and I look forward to being a part of it."

Simon C. Huleatt — Simon Huleatt is entering his senior year at North Carolina State University in Raleigh, North Carolina. He is preparing to graduate in May 2007 with a bachelor's degree in business management/international studies, with a concentration in operations and logistics management. "As the world becomes increasingly interdependent, my interests focus on using the continuously increasing scope of international markets to better the resource acquisition process," Huleatt says. "I hope that in the future I can use my skills to become a leader in this area."

Marcio Bogoricin Oliveira — Marcio Bogoricin Oliveira is entering his last semester at The Pennsylvania State University, University Park, Pennsylvania. He is preparing to graduate in December 2006 with dual bachelor's degrees in supply chain & information systems and economics. "I see myself 10 years from now working for an export/import company overseas," Oliveira says. "It is very interesting for me to see how goods are transported from one side of the hemisphere to the other, and how buying parts and services from all over the world makes the difference for firms to maintain their competitive advantage in our global market."

Jonathan Ulrich — Jonathan Ulrich is entering his senior year at University of Maryland's R.H. Smith School of Business in College Park, Maryland. He is preparing to graduate in December 2007 with a bachelor's degree in dual majors of supply chain management and marketing and a minor in Spanish. "The industry of supply chain management is ripe with the potential for innovation, and I am ready to harvest the fruit," Ulrich says.

Amy Kris Smith — Amy Kris Smith is entering her senior year at Arizona State University's W. P. Carey School of Business in Tempe, Arizona. She is preparing to graduate in May 2007 with a bachelor's degree in supply chain management and a minor in geography. "I pursued the field of supply chain management because it was in line with my personal interests, and I feel that with this degree I will make a difference in the business world," Smith says.

The 2006 R. Gene Richter Scholarship Selection Committee includes: Clive Heal, head of global procurement, Genentech, Inc.; Steve Kesinger, vice president, corporate procurement, Nordstrom; Lisa Martin, chief procurement officer, Pfizer Inc; Theresa Metty, C.P.M., Chair of the Board, Institute for Supply Management™; Tony Milikin, senior vice president, global supply chain, MeadWestvaco Corporation; Greg Shoemaker, vice president, global procurement, Hewlett-Packard; Roger Whittier, director, corporate purchasing, Intel Corporation; and Nancy D. Richter, president, R. Gene and Nancy D. Richter Foundation. For information on the R. Gene Richter Scholarship Program, visit www.richterfoundation.org.

As the oldest and largest supply management institute in the world, the mission of the Institute for Supply Management™ (ISM) is to lead supply management. By executing and extending its mission through education, research, standards of excellence, influence building and information dissemination — including the renowned monthly ISM Report On Business® — ISM continues to extend the global impact of supply management. ISM's membership base includes more than 40,000 supply management professionals in 75 countries. Supply management professionals are responsible for trillions of dollars in the purchases of products and services annually. ISM is a member of the International Federation of Purchasing and Supply Management (IFPSM).

ISM defines supply management as the identification, acquisition, access, positioning and management of resources the organization needs or potentially needs in the attainment of its strategic objectives. Further, supply management is: future oriented, senior-management critical, strategic in relation to the competitive imperatives of the organization, and a significant contributor to marketplace intelligence and profitability. Components included under the supply management umbrella are: purchasing/procurement; strategic sourcing; logistics; quality; inventory control; materials management; warehousing; transportation/traffic/shipping; disposition/investment recovery; distribution; receiving; packaging; product/service development and manufacturing supervision.