The Commonwealth Supply Chain Innovation Award honors individuals and/or organizations that have demonstrated operational excellence in supply chain management as evidenced in a recently completed supply chain improvement project.
The recipient of the Commonwealth Supply Chain Innovation Award will be recognized at the 2021 Supply Chain Forum. In addition, the winning submission will be featured at the next Supply Chain Forum and within associated promotional materials. The winning organization qualifies for future supply chain improvement project support from graduate students enrolled in Gatton College's One Year MBA program.
2015 - Lexmark International
2016 - TempurSealy Inc.
2017 - Lexmark International
2018 - RJ Corman
2019 Toyota Motor North America
2020 - Escalade Sports
Candidates must submit a 250-300 word description of their projects. Finalists chosen from the initial round will be notified, and will then present more extensive project descriptions. The project must be fully implemented, completed within the current calendar year, and have tangible performance results that reflect successful implementation. Submissions should not include any proprietary information that cannot be shared with the broader community of supply chain professionals. Each organization and individual may submit a maximum of two entries to this competition.
Deadline: February 28, 2021
Follow-up questions can be directed to Keri Orso 859.257. 8919 or email@example.com.
Submission Assessment Committee
The Supply Chain Forum Advisory Council will appoint a Committee consisting of practitioners, academics and consultants in the supply chain industry to review and select a winner.
Submission Assessment Criteria
Submissions should be organized in accordance with the criteria listed in the four sections below. Submissions will be assessed using a 100 point system.
Section 1 - Required Information
- Provide the name of the submitting organization (corporation, service, etc.) where the improvement was implemented.
- Identify the organizational unit affected by the implementation (site, function, etc.).
- Provide a brief mission description of the overall business objectives, product lines, and mission of the affected organization.
- Provide a point of contact for each supply chain partner (direct contact information may be requested).
Section 2 - Project Complexity
- Scope (20 points): Provide a brief description of the supply chain and the processes the submission spans.
- External Collaboration (20 points): Provide the names of the supply chain partner organizations (external) involved in the project. Indicate the number of people involved from each partner organization and the functional category of each.
- Internal Collaboration (20 points): Provide the names of the functional organizations (internal) involved in the project. Indicate the number of people involved from each functional organization and the functional category of each.
Section 3 - Impact
Impact of Initiative (25 points): Describe the impact the initiative had to the organization, including key metrics as appropriate.
- Rationale (5 points): Describe the reason that the supply chain initiative was undertaken and how it was selected. Suggested initiatives can be found in the area of:
- Reorganization of the supply chain
- Revenue Growth
- Cost Reduction
- Customer Service
- Customer Retention
- Improve Efficiency
- Optimization of the Supply Chain
- Process Alignment
- Risk Mitigation
- Strategy Development
- Balanced Scorecard
- ERP or MRP Implementation
- Duration (5 points): Indicate the duration of the project and date of completion.
- Description (15 points): Describe, in detail, the process used to complete the initiative.
- Challenges (10 points): Identify significant challenges encountered, the process for resolution and the solutions.
- Metrics (5 points): Indicate the metrics used to measure (a) progress and (b) success.
- Performance (15 points): Document and quantify cost and performance benefits. This should include the Return on Investment of the Project and changes in the value of metrics identified in the previous criteria (i.e., Section 2, Number 5).
- Strategy (10 points): Outline how the success of this effort supports the organizational strategy as described in Section 1, Item 3.
Section 4 - Knowledge Transfer
- Lessons for the Future (15 points): Describe the efforts to share lessons from this effort with other internal organizations. Identify best practices employed / developed.
- Knowledge Transfer (5 points): Indicate how this initiative can be transferred to other organizations, and specify the likely candidates for the transference.
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