Winners of the second annual ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management were announced at the ISM 92nd Annual International Supply Management Conference, May 7, 2007. You can view the winning organizations' submissions by clicking on the links below.
Alltel Wireless received the award for technological innovation by developing a robust technological management tool. The application is fluid enough to provide the foundation for planning decisions and currently supports nearly 500 sourcing projects. This solution enhances the ability to manage project budget changes and fits across the organization. A significant aspect of this tool is that it ensures credibility on reported savings.
BP p.l.c. developed a program that helps in recruiting, developing and retaining new talent while at the same time addressing the challenge of effectively managing the sourcing of goods across a wide spectrum of categories. This is a unique application that promises to deliver continuous improvement. To win this award, BP p.l.c. described how they use a foundation of ownership, collaboration and capture/transfer to drive over $40 million in annual value.
Johnson & Johnson
Johnson & Johnson devised a category management process, which improved the visibility, sourcing practices, contracting and the value received from their consulting spend. An internal team made up of 30 leaders benchmarked internally and externally then designed and implemented a robust process, which provides more value to internal clients. The process resulted in increased spend capture, savings and the ability to identify and leverage opportunities.