ISM 2009: Richter Foundation recognizes supply management leaders
Alltel, Royal KPN Telecom and U.S. Postal Service receive honors as well as scholarship recipients
By Paul Teague -- Purchasing, 5/4/2009 3:18:00 PM
<< Back to ISM 2009 Conference coverage
The fourth annual ISM R. Gene Richter Awards ceremony took place Sunday night at ISM 2009 in Charlotte, recognizing three companies for leadership and innovation in supply management and granting scholarships to eight college students.
Alltel took the award for organizational structure for its supply chain transformation. The transformation paved the way for profit-margin improvement, lower risk and innovation, the awards committee said. The transformation included purchasing taking control of all pieces of handset and accessory flow, including reverse flow where customers return handsets to retail outlets for remanufacture or repair. Among the results of the transformation: a 54% reduction in accessory costs and a 15% increase in profit margins.
The Richter Foundation honored Royal KPN Telecom with its process award. The Royal KPN team obtained a 90% reduction in KPN taxes, developed a new forecasting process and implemented a series of energy efficiencies for the company, which provides telephone, Internet and television services through a fixed network in The Netherlands.
The U.S. Postal Service won in the technology category for expanding its use of its optimization tool into new spend categories. The move gave suppliers greater flexibility in submitting bids and enhanced supplier collaboration. Among results: savings of over $57 million in three years.
Winners of the Richter scholarship awards were: Tiffany Chen, University of Maryland; Amanda DeCook, Michigan State University; Mary Deet, Duquesne University; Carmen Harris, Tennessee State; Jamie Hoke, Bowling Green University; Jamie Loeks, Western Michigan University; Christina Round, Penn State; and Natalia Zoubtsova, Arizona State.
For information on Purchasing’s Medal of Professional Excellence, see /moe.
<< Back to ISM 2009 Conference coverage
Is Supply Management moving forward?
05/18/2009Richter scholarship recipients named
06/02/2004Supply Management’s Role in Sustainability
03/17/2008ISM 2009 Conference heads to Charlotte
04/16/2009
Now Playing: 