The SCRC’s Contribution to the WSJ’s Best Managed Companies

Once again, the Drucker Institute has put together a list of the “Top 250 Best Managed Companies”, which was highlighted in the Wall Street Journal.  And like last year, the ratings put forth by the Supply Chain Resource Cooperative remain an instrumental component of the ratings, and are the only two major indicators used in the rankings for assessing the strength and maturity of the company ratings as it relates to its supply chain performance.

Specifically, the SCRC’s Machine Learning expert, Yung-Yun Huang, applied the algorithm developed from her dissertation, working with Professor Rob Handfield, to identify metrics in the “Innovation” category, related to companies that have the best spend management, category management, strategic sourcing and supplier relationship management.  In addition, another index in the “Social Responsibility” category, assesses the extent to which sustainable supply chain outcomes are deployed, measured in terms of a firm’s supply-chain policies, practices and results, including audits and lawsuits, with respect to human relations and the environment.  Both of these assessments are described in the ratings description, as follows: “Through a process developed by North Carolina State University professor Robert Handfield, a review is conducted of publicly available information, as well as interviews and surveys of corporate procurement specialists.”

We are proud of the contribution of the SCRC’s impact on these international rankings, which are one of the many ways that our faculty, staff and students continue to have a major impact on the supply chain community.

For the record, the list of our “Top 10” companies in the supply management innovation category are as follows:

Our list of Top 10 Social Responsibility Supply Chain companies are as follows:

It should be noted that the technology companies are largely outsourced, and do not really have “supply chains” to speak of.  However, all of the companies merit recognition in their goals to improve their supply chain networks and social responsibility, recognizing that there is always room for improvement.