Tyco Wins the 2009 Medal of Professional Excellence
Thursday, September 17, 2009
The company's results beat the Street's expectations.
MarketIntelligenceCenter.com said technical indicators for the company's stock
were bullish.
To amass
those savings in any organization would be a challenge. Doing it in a matrix
organization, where persuasive powers have to make up for a lack of mandates
and direct reporting relationships, requires purchasing professionals at Tyco
to take the concept of collaboration—with internal stakeholders as well as
suppliers—to an entirely new level. The key is to develop an "emotional
bank account" with stakeholders, says Russ Davis, director of global
sourcing for Tyco Flow Control, one of the Tyco International businesses, and leader
of the company's international procurement offices. "You do it by showing
results," he says. More…
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