PHILADELPHIA, Nov. 7, 2011 (GLOBE NEWSWIRE) -- ICG Commerce, the leading provider of comprehensive procurement solutions, today announced it has launched the ICG Commerce Executive Forum, a first-of-its-kind council dedicated to bringing together F1000 executives to discuss key challenges and opportunities to advance global supply chain and procurement best practices. Participants in the inaugural event were an impressive roster of consumer-focused executives from ICG Commerce's clients including AdvancePierre Foods, The Clorox Company and J.M. Smucker.
Dr. Hau L. Lee, Thoma Professor of Operations, Information and Technology at Stanford Graduate School of Business, and guest speaker at the Executive Forum's first meeting, led a thought-provoking discussion on the globalization of supply chain, including:
- Building Super-Agility: How to use smart information in an extended supply chain to create agility in new product introduction, supply chain replenishments and responsiveness to supply chain disturbances
- Managing in a Multi-Polar World: Leveraging the new, multiple capability centers in manufacturing, sourcing, innovation and design in emerging markets and serving new markets
- Developing a Sustainable Supply Chain: How to manage the extended supply chain with transparency, knowledge and control to ensure that the supply chain is socially and environmentally responsible
- Creating Values with your Supply Chain: Using supply chain excellence to pursue proactive strategies to win customers, penetrate new markets, create new products and generate customer loyalties
"Supply chain executives are faced with an increasing number of complexities and must address them with new approaches, and a full understanding of their supply chains' DNA. The ICG Commerce Executive Forum provides a unique opportunity to discuss key supply chain challenges, and share new practices and models that can help companies meet the needs of an ever-changing marketplace," said Lee. Watch video interview
Thomas Bornemann, consumer products practice leader at ICG Commerce, added, "With continuous commodity cost pressures and fast-paced emerging market growth, we formed the Executive Forum to challenge the status quo and explore new and innovative approaches that can drive supply chain and procurement excellence now, and in the future."
The next ICG Commerce Executive Forum is scheduled for January 18, 2012 in New York City with featured speaker Jim Kilts, recognized turnaround artist and brand-builder who previously served as CEO of Gillette and Nabisco.
About ICG Commerce, Inc.
ICG Commerce, the leading procurement solution provider, is driving a fundamental change in the way today's businesses achieve financial agility and fund growth. ICG Commerce is the only procurement solution provider that has built a specialized infrastructure dedicated to helping companies optimize indirect spend and drive bottom line savings that strengthen their businesses. ICG Commerce is an ICG (Nasdaq:ICGE) company.
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