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Tyco Wins the 2009 Medal of Professional Excellence

Thursday, September 17, 2009  
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The company's results beat the Street's expectations. 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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