OREANDA-NEWS. GE Oil & Gas (NYSE: GE) is pleased to announce it has won the APICS Corporate Award of Excellence in Innovation for its commitment to advancing supply chain and operations management, with a specific focus on its Turbomachinery Solutions business. The award was announced at APICS 2014, the premier industry event for supply chain and operations management.

"We are honored to receive the APICS Corporate Award of Excellence in Innovation. This award recognizes our commitment to continuously improve how we combine our skilled workforce with the latest technologies and local supply chain investments to deliver our products and services on time and on budget for our global customer base," said Jim Apostolides, materials manager, Global Supply Chain-GE Oil & Gas.

Honored companies were selected based on contributions and innovation excellence in the field of supply chain and operations management. GE Oil & Gas was specifically recognized for uniquely implementing the right tools to improve operational effectiveness.

"GE Oil & Gas' Turbomachinery Solutions business operates in an extremely complex supply chain and offers wide product ranges and high degrees of customization," said Lorenzo Romagnoli, materials manager, Turbomachinery Solutions, GE Oil & Gas. "We therefore place a great deal of focus on materials management excellence. In just five years, we have successfully developed, tested, validated and activated critical new processes and tools-replacing ways of operating and thinking that have been around for decades. We've drawn extensively from the APICS body of knowledge to improve the efficiency and overall quality of our operations and supply chain management capabilities."

"We were very pleased to award the APICS Corporate Award of Excellence in Innovation to GE Oil & Gas," said APICS Chief Executive Officer Abe Eshkenazi, CSCP, CPA, CAE. "The importance of an organization's dedication to its supply chain teams cannot be understated. GE Oil & Gas Turbomachinery is a shining example of how supply chain excellence is fueled by engaged, strategically focused professionals. We are proud to be their partner in success."