08 May 2008 | Paul Snell in St. Louis, US
Buyers from HP, Lockheed Martin Aeronautics, Pfizer, Royal KPN and Masco have been honoured by the Institute for Supply Management in its 2008 R Gene Richter awards.
The awards, named after the former head of purchasing at IBM, HP and Black & Decker, were announced at this week's Institute for Supply Management conference in St. Louis. They aim to recognise and identify leadership and innovation within the procurement profession.
Kitchen and bathroom cabinet manufacturer Masco was honoured for its use of technology, while the other four firms were selected for changes made to their procurement processes.
IT company HP was recognised for changes made to its social and environmental responsibility programme, particularly the help it offers its suppliers (News, 31 January). Lockheed Martin Aeronautics picked up the award for its work detailing its use of raw materials, which led to cost savings of up to 28 per cent. Dutch telecoms firm Royal KPN was acknowledged for the transformation of its outsourced IT relationship, instigated by CPO Willem Van Oppen (Features, 1 November 2007)
Pfizer impressed judges through its use of reverse auctions for varied categories such as medicinal chemistry and clinical laboratory services. Masco's technology award was for the group's work developing a global purchasing database managing around $10.8 billion (£5.4 billion) of spend and 22 million transactions.