Tyco International ($20 B revenues; TYC) yesterday earned Purchasing Magazine‘s highest honor, the Medal of Professional Excellence. Paul Teague, Editor in Chief, covers the path to excellence taken by Tyco’s procurement team in this in-depth and insightful article. It’s must reading for any procurement executive.
Did the travel category get mentioned? Absolutely! Susan Avery gives this in-depth account of how travel’s big challenges were met with textbook collaboration and strong senior management support. Rose Speckmann, Tyco’s director of global travel, led a sprawling multi-national effort to integrate and improve Tyco’s travel supplier contracts in all sub-categories. In addition to global sourcing, Rose led efforts to increase the use of video conferencing and improve traveler security.
This is a classic success story achieved in a turbulent corporate environment. Congratulations to Rose and her team for achieving success and helping Tyco win the Medal!