FOR RELEASE: May 5, 2008
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(Tempe, Ariz.) May 5, 2008 — Institute for Supply Management™ (ISM) today announced winners of its 3rd Annual ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management. Supply departments at five companies were honored in St. Louis at ISM's 93rd Annual International Supply Management Conference and Educational Exhibit. Awards are announced at an invitation-only dinner and winners present their stories at workshop sessions that are open to all Conference attendees.
Winners were selected from applications received in four categories: Process; Technology; People; and Organization/Structure. The 2008 Richter Corporate Award recipients are:
HP (Process Category)
HP's award-winning submission detailed the success of the company's social and environmental responsibility (SER) program. HP's approach to implementing SER is based on early, frequent and proactive involvement with suppliers to develop a partnership for healthy, safe and improved workplace conditions.
Lockheed Martin Aeronautics Company (Process Category)
Lockheed Martin Aeronautics Company, a business area of Lockheed Martin, is a leader in design, research and development, systems integration, and production and support of advanced military aircraft and related technologies. The company's award-winning entry described the development and deployment of a Forecasted Raw Material (FoRM) tool, an information technology solution that gathers required data from various systems and generates a comprehensive, time-phased raw material forecast for the Joint Strike Fighter (JSF).
Masco Corporation (Technology Category)
Masco Corporation is one of the world's largest manufacturers of brand-name consumer products for the home improvement and new construction markets. Masco's supply management organization created a technology solution to measure and manage its spend. Although supplier relationship management (SRM) tools are not new, Masco is cited for taking the technology "to a new level" and implementing the project with an aggressive time schedule at multiple locations in a highly decentralized environment.
Pfizer Inc (Process Category)
Global healthcare leader Pfizer Inc took e-sourcing to a new level with an innovative reverse auction process to venture outside traditional commodity territory and into research and development sourcing. The Pfizer Worldwide Procurement team developed a sourcing strategy with a new reverse auction tool playing a key role as it began to source commodities considered core to the research and development organization — items that are highly technical in nature and require very specific skill sets.
Royal KPN Telecom (Process Category)
Royal KPN Telecom provides telephone, Internet and television services to customers through its fixed network in the Netherlands. The company's award-winning submission detailed challenges in an existing relationship between KPN and its outsourced IT provider. A newly organized procurement organization created a value-based relationship program called the Collaborative KPI program to improve supplier relationships and improve end-customer service. KPN now applies the KPIs to all its outsourced services.
Named after supply management leader and innovator R. Gene Richter, the ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management were established to recognize innovative supply organizations of all sizes and geographic locations that through strong leadership have dramatically increased their contribution to organizational success. Award winners are recognized for:
The 2008 winners join an esteemed group of previous winners, representing a variety of organizations, and include: Alltel Wireless; BP p.l.c.; DaimlerChrysler; Fluor-Hanford; Johnson & Johnson; KLA-Tencor and Rockwell Collins.
Sponsors for the 3rd Annual ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management are:
Winners in the 2008 competition were selected from applications received in an online submission process held July 2 to September 28, 2007. The fourth annual R. Gene Richter Awards for Leadership and Innovation in Supply Management call for entries will open July 1, 2008. For more information visit www.ism.ws/RichterAwards.
As the largest supply management institute in the world, the mission of 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 is proud to recognize professional excellence in supply management with awards such as the ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management and the J. Shipman Gold Medal Award. 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).