Undergrad Receives National Supply Chain Honor
UNIVERSITY PARK, PA (May 5, 2006)—Marcio Oliveira, a supply chain and information systems major at Penn State's Smeal College of Business, has been chosen by the R. Gene and Nancy D. Richter Foundation as one of six students around the country to receive the 2006 R. Gene Richter Scholarship Award.
The $5,000 scholarship is presented annually to senior supply chain students based on high-achieving academic records, strong leadership skills, high ethical standards, and a commitment to a career in supply chain management. Two supply chain management executives interview the finalists who are selected from the initial pool of applicants. Nancy Richter, president of the Richter Foundation, then interviews the finalists and chooses the ultimate winners.
Along with the tuition support, Richter Scholars also are enrolled in a mentoring program and invited to attend the Institute for Supply Management International Conference in Minneapolis, where they will be honored at a special Scholarship Presentation Awards Banquet on May 8.
The scholarship winners are also invited to a Power Conference for executive leadership in supply chain management one year after graduation and upon gaining real-world experience.
Smeal's supply chain program was ranked as the top such program in North America in a survey published in the September 2005 issue of Supply Chain Management Review. Additionally, U.S. News & World Report ranks the Smeal MBA seventh in the nation in the discipline-specific category of Supply Chain/Logistics.
Throughout his career in supply chain, Gene Richter led three corporate teams to Purchasing Magazine's Medal of Professional Excellence. At Black & Decker, he fine-tuned strategies of global sourcing, long-term agreements, and centralization of key commodities. At Hewlett-Packard, he worked with a team to develop written sourcing strategies and to negotiate strategic alliances with worldwide leading-edge suppliers. And at IBM, his team formed customer solutions procurement, set up a technology convergence office to tap into suppliers' technical know-how, and moved the purchasing process to the Internet.
For more information on the Richter scholarships, visit www.richterfoundation.org.