TransGrid was named Large Procurement Team of the Year and Overall Winner at the virtual CIPS Australia Supply Management Awards 2020, which took place on Wednesday 29 July.
The team was recognised for delivering a number of organisational benefits including a 43 per cent reduction of the Purchase Requisition/Purchase Order cycle time and a 25 per cent reduction in end-to-end RFx* lead times, resulting in increased customer satisfaction.
Open to organisations with a turnover of AUS$50m and over, the Large Procurement Team of the Year award recognises teams who have made significant improvements to their performance and culture resulting in increased effectiveness, influence, efficiencies, savings or competitive advantage.
TransGrid Head of Procurement, Siju Johny was pleased to accept the awards and noted: “This recognition is testimony to the fact that we are moving in the right direction from a procurement and supply chain management perspective.”
CIPS Australasia stated that: “At the bottom line, the procurement function has exceeded targets, generating $4.5m savings in 2018 and $6.1m in 2019, and has directly contributed to business growth, thanks to supplier collaboration, performance and price competitiveness.”
Respected as a benchmark for excellence, a CIPS Australasia Supply Management Award is the most prestigious recognition a company or individual in the procurement and supply chain profession can receive.
TransGrid is proud to be the first Australian Transmission Network Service Provider to receive the Overall Winner award. Read more about the CIPS Australasia Supply Management Awards, including the other categories and winners on the CIPS Australia Website.
* RFx (request for x) encompasses the entire formal request process and can include request for bid (RFB), request for information (RFI), request for proposal (RFP), request for quotation (RFQ) and request for tender (RFT).