Past Awards
2004
INFORMS Prize:
Winner(s)
Citation:
The INFORMS Prize is awarded to The Procter & Gamble Company for its integration of OR/MS principles into the decision making structure of the firm, to tackle issues such as global manufacturing site location and sourcing, inventory management, supply chain design, and consumer behavior analysis. Cost savings have been pronounced, helping P&G to grow and manage the complexity of a $50 billion organization operating in 80 countries. P&G is recognized for the way OR/MS principles permeate efforts to understand how products compete and can best be supplied in local markets around the world.
The award was presented by Glen Schmidt, Committee Chair and Michael Rothkopf, 2004 INFORMS President in October 2004.