Intel Corp has claimed victory in the CIPS Supply Management Asia Awards 2019.
A project to rationalise marketing services at the company saw Intel claim Best Process Improvement Initiative and overall winner at the awards, which took place at the Amara Sanctuary Resort Sentosa in Singapore in partnership with ProcureCon Asia.
The One Agency Model project achieved savings of more than $2m in the first year and saw a 14-fold reduction in the retail marketing supplier base across 12 countries in Asia Pacific and Japan.
The work involved standardising production and delivery of in-store point-of-sales merchandise, with locally relevant messaging across more than 5,000 retail stores. Suppliers were developed to be fully accountable for driving cost efficiencies, improving operational velocity and reducing legal risks for Intel.
“We worked to identify a single agency in each of the functions or countries to reduce the [approximately] 35 suppliers covering this scope,” said Intel.
The project reduced the number of supplier touchpoints for retail marketing stakeholders and introduced centrally-managed budgets and increased transparency.
“Intel’s Corporate Strategic Procurement team led a multi-stage initiative to transform its Asia Pacific and Japan retail marketing supplier landscape to enable breakthrough cost savings, supply base optimisation and innovation to a very critical end-consumer retail marketing area through deep collaboration with business stakeholders, other functional teams, as well as with key suppliers,” said the company.
The winners in full:
Best Contribution to Corporate Responsibility
Telekom Malaysia Berhad
Best Cross-Functional Teamwork Project
Cairn Oil & Gas Vedanta
Best People Development Initiative
Procurement & Contracting Academy, Reliance Industries Limited, India
Most Improved Procurement Operation - Step Change
Health Promotion Board
Best Process Improvement Initiative
Best Procurement Consultancy Project of the Year
GEP - GEP helps Fortune 500 CPG company optimise procurement operations and realize $800m in savings
Best Public Procurement Project
Health Promotion Board – Advancing from traditional procurement operating model: A New Procurement Mindset
Most Innovative Use of Technology
Mogli Labs India Pvt. Ltd.
CIPS Procurement and Supply Professional of the Year
Jorge Juan Muñoz Fernandez
CIPS Young Procurement and Supply Professional of the Year
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