R. Gene Richter Awards Accepting Entries From Innovative Supply Management Departments

FOR RELEASE: June 6, 2006

Media Contact: Jean McHale
  ISM Public Relations
  800/888-6276, Ext. 3143
  E-mail: jmchale@ism.ws

ISM Richter Awards Contact: Scott Sturzl
  800/888-6276, Ext. 3105
  E-mail: ssturzl@ism.ws

Organizations invited to apply via ISM Web site July 3 — September 29, 2006

TEMPE, Ariz., June 6, 2006 — Inaugural R. Gene Richter Awards for Leadership and Innovation in Supply Management have been presented, and Institute for Supply Management™ (ISM) today announces its call for entries for the second annual awards. ISM's Richter Awards are open to supply management departments of all sizes and geographic locations, both domestic and international. Entries should address big challenges for which new solutions have had wide organizational and/or supply chain impact.

ISM will accept entries through an online submission process from July 3 - September 29, 2006. Multiple entries are welcome in four award categories, including process, organization/structure, people and technology. Winners will be notified in January 2007, and award recipients will be publicly announced and honored at an awards dinner on Monday, May 7, 2007 at ISM's 92nd Annual International Supply Management Conference and Educational Exhibit in Las Vegas. Winners agree to present at ISM Conference sessions the Tuesday afternoon following the awards dinner.

About the Richter Awards

The R. Gene Richter Awards for Leadership and Innovation in Supply Management were established in late 2004 as a way to recognize innovative supply departments that through strong leadership have dramatically increased their contribution to organizational success. The Awards Program, sponsored by Institute for Supply Management™ (ISM), is designed to:

  • Identify and share leadership and innovation in supply management practice within supply management departments.
  • Provide recognition to supply management departments receiving awards.
  • Promote supply management as a strategic contributor to the organization.
  • Enhance the profession in the eyes of senior management.
  • Demonstrate leadership and innovation practice through conferences, ISM publications, case studies and other media.

For information on entry categories, applying for the 2007 awards or to download the 2006 Richter Award Winners Brochure, visit the ISM Web site at www.ism.ws/richterawards/. Questions regarding the R. Gene Richter Awards for Leadership and Innovation in Supply Management can be directed to Scott Sturzl, C.P.M., at 800/888-6276, extension 3105 (or, for callers outside the United States, 480/752-6276, extension 3105), or by e-mail at richterawards@ism.ws.

As the oldest and 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'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.