ISCEA awards the 2007 Ptak Prize to Indian Oil Corporation and Honeywell
ISCEA
Honeywell, two industry giants across two continents in recognition of
significant Supply Chain improvements through Vision, Business Rules,
and Technology.
Chicago, IL, USA May 24, 2007. At a special reception held at the
25th Anniversary of the DC EXPO at Navy Pier in Chicago, IL, ISCEA
(International Supply Chain Education Alliance) awarded the 2007 Ptak
Prize for Supply Chain Excellence to Indian Oil Corporation (IOC) and
Honeywell international for their Collaboration in a Supply Chain
Excellence.
"Indian Oil Corporation (IOC) and Honeywell have implemented a supply
chain solution that takes a system view of the organization. They
have moved from focusing on local optimums to creating a more holistic
solution that focuses on a global optimum. Supply Chain Professionals
Worldwide should take note of what Indian Oil and Honeywell
International were able
to accomplish in such a short time. We are delighted to recognize
their success with awarding the 2007 Ptak Prize," stated Dr. Charles
A. Watts, Executive Director of Education at ISCEA.
"Supply chain integration and optimization are critical to compete in
the global market today," said Harsh Chitale, vice president of
Strategy and Global Marketing for Honeywell Process Solutions.
"Combined with our advanced applications and the Experion control
platform, Honeywell's Supply Chain solution improves visibility to the
supply chain process and enables faster, more effective decision
making that leads to overall improved business performance."
Shri S.S. Soni, of Indian Oil Corporation stated that the
"collaboration with Honeywell has an End-to-end Supply Chain
optimization that has enabled IOC to optimize Corporate profitability
across its entire supply chain. Our collaborative solutions are
enabling the Corporation in selection of optimal crudes, their
allocation amongst its various refineries and in arriving at the
optimal distribution plan with least placement cost to the consuming
centers and facilitating decision in respect of major investments".
Ptak Prize Selection Committee will be accepting nominations for the
2008 Ptak Prize starting June 1st 2007 until March 31, 2008.
Organizations that have made significant improvements through Vision,
Business Rules, and Technology are encouraged to submit nominations
for the 2008 Ptak Prize. The 2008 Ptak Prize will be awarded in May
2008.
About Honeywell International
Honeywell International is a $33 billion diversified technology and
manufacturing leader with 118,000 full time employees, serving
customers worldwide with aerospace products and services; control
technologies for buildings, homes and industry; automotive products;
turbochargers; and specialty materials. Based in Morris Township,
N.J., Honeywell's shares are traded on the New York, London and
Chicago Stock Exchanges. It is one of the 30 stocks that make up the
Dow Jones Industrial Average and is also
a component of the Standard & Poor's 500 Index. (NYSE: HON)
About Indian Oil Corporation
Indian Oil Corporation was formed in 1964 through the merger of Indian
Oil Company Ltd. (Est. 1959) and Indian Refineries Ltd. (Est. 1958).
It is currently India's largest company by sales of US $ 41 billion
and profits of US $ 1.10 billion. Indian Oil Corporation is also the
highest ranked Indian company in the prestigious Fortune 'Global 500'
listing. It is also the 21st largest petroleum company in the world
and the # 1 petroleum trading company among the National Oil Companies
in the Asia-Pacific
region.
About ISCEA (International Supply Chain Education Alliance)
ISCEA, The International Supply Chain Education Alliance, conducts
programs to improve the knowledge of Manufacturing and Service
industry professionals worldwide. ISCEA's mission is to be a single
source for Total Supply Chain Knowledge through Education,
Certification, and Recognition. ISCEA is the developer of
internationally recognized certification programs of Certified Supply
Chain Manager (CSCM), Certified Supply Chain Analyst (CSCA), Certified
Lean Master (CLM), and Certified RFID Master (RFIDSCM). ISCEA is the
governing body for the Ptak Prize.
46,000 plus ISCEA members hold mid to upper supply chain management
positions in Global 2000 companies.
About Ptak Prize
Ptak Prize Selection committee is made up with Internationally
recognized Supply Chain Experts, such as Dr. James F. Cox III (Ptak
Prize Chair) Professor Emeritus, Robert O. Arnold Professor of
Business, Terry College of Business at the University of Georgia, Dr.
Charles A. Watts, Professor of Operations Management at John Carroll
University, Cleveland, Ohio and
Executive Director of Education and Certifications for the
International Supply Chain Education Alliance (ISCEA), Mr. David
Jacoby, President of Boston Logistics Group, and Mr. Dan Gilmore,
Chief Editor of Supply Chain Digest and CEO of B2B Media.
For more information about ISCEA or
Ptak Prize, please contact:
Kathy Minnich
Director of Communications & Media Relations
ISCEA
800.817.9083 x 704
Kathy....@iscea.com
For more information about IOC,
please contact:
R Malhotra
GM (Corporate Communications)
Indian Oil Corporation
011-26260140
rak...@iocl.co.in
For more information about Honeywell,
please contact:
Jake Saylor
Public Relations Manager
Honeywell International
602-313-4054
jake....@honeywell.com