Detail

ICG Commerce Clients Recognized for Supply Management Excellence

Tuesday, April 21, 2009

ICG Commerce Executive Also Honored for Industry-Leading Innovation

PHILADELPHIA - Tuesday, April 21, 2009 - ICG Commerce, a leading procurement services provider, today announced that procurement leaders from two client companies, Ric Schneider of Kraft Foods Inc. and John Thomas of The Hertz Corporation, have been named 2009 'Pros to Know'; by Supply and Demand Chain Executive magazine. The publication also awarded the title to ICG Commerce's Information Technology and Telecommunications Category Practice Leader, Albert Beaney.

The Pros to Know is a listing of exceptional executives that have demonstrated leadership during the current economic downturn by managing risk in the supply chain, providing competitive advantage and/or delivering value to the bottom line.

Ric Schneider, a senior procurement leader within Kraft Foods Inc. was recognized for developing a supply chain strategy that increases collaboration and transparency with suppliers and leverages technological advancements and performance-based product specifications to support new product introductions. By implementing this strategy, Kraft has optimized its packaging costs, reduced cost inefficiencies, and improved supplier flexibility which are key supply chain elements supporting Kraft's growth through innovation strategy.

John Thomas, Executive Vice President, Global Supply Chain Management, The Hertz Corporation, was recognized for developing and implementing the Hertz' life-cycle holding cost model for every car class and vehicle model. This model has helped Hertz to improve cost structure and service levels, reduce waste and fully utilize assets, standardize processes, and transform data into actionable business intelligence. These changes will enable Hertz to take advantage of opportunities that market downturns provide and rapidly capitalize on the rebound when it occurs.

Albert Beaney, Information Technology and Telecommunications Category Practice Leader, ICG Commerce, was recognized for helping clients implement strategies that enable them to apply market insight to drive short-term economic benefit and long-term strategic advantage. Bert has over 25 years of IT and Telecommunications sourcing experience and leads a team of dedicated category experts who bring deep IT market knowledge and experience to ICG Commerce's customer base.

"We congratulate Ric and John on being selected for this award," said Carl Guarino, CEO of ICG Commerce. "They are at the forefront of procurement thought leadership, continuously implementing cutting-edge cost reduction strategies. We’re also very pleased that our own Albert Beaney was recognized for his strategic information technology and telecommunications achievements."

About ICG Commerce, Inc.

ICG Commerce is the leading procurement outsourcing specialist delivering comprehensive source-to-pay services. Results-driven leaders access ICG Commerce's experienced resources and market intelligence to better manage procurement and logistics spend, gaining significant savings and enhanced visibility and control.

ICG Commerce is a privately held company founded in 1992 and a member of Internet Capital Group's (Nasdaq: ICGE) network of partner companies. The company has earned recognition from Forbes, Fortune, The International Association of Outsourcing Professionals (IAOP) and leading industry analysts for its leadership in procurement outsourcing. For more information: www.icgcommerce.com

Back to press release list