Benjamin Moore Awarded for its Supply Chain Academy at SCM World

(BRK.A), (BRK.B)

Berkshire Hathaway’s Benjamin Moore & Co., was awarded accolades in the fourth annual SCM World Power of Profession Awards.

SCM World, a Gartner community, recognized the company with its Talent Payback of the Year and Talent Breakthrough of the Year awards.

This recognition acknowledges the efforts by Benjamin Moore & Co. to transform and modernize its entire supply chain, increase employee retention and improve employee engagement. Benjamin Moore & Co. was selected out of six finalists within the Talent Breakthrough of the Year category.

“We are honored to be recognized by our peers at SCM World and to be among a remarkable list of companies awarded for its efforts in supply chain initiatives,” said Barry Chadwick, Benjamin Moore Executive Vice President Operations. “This recognition represents the efforts our employees put in every day to advance their knowledge and improve the Benjamin Moore & Co. customer experience.”

According to the company, Benjamin Moore & Co. has made significant efforts to transform and modernize its entire supply chain, including a transition to a world-class enterprise resource planning system and a successful Supply Chain Academy initiative that led to the promotion of 22% of its salaried employees and an 85% retention rate.

To date, nearly 336 Benjamin Moore & Co. employees have taken advantage of this program. Employee engagement results have increased 10% year-over-year and exceeded the Conference Executive Board Global High Performing Norm in every category.

The SCM World Power of Profession Awards identify, recognize and enable collective learning from the most impactful and innovative supply chain initiatives.

The awards are unique in that they are voted on by fellow supply chain professionals, providing a chance to share lessons and best practices, and shape the future of supply chain.

The winners were announced February 6th at an award ceremony, held as part of the SCM World Live Americas conference in Miami.

Other award winners included Pfizer, 3M, Land O’Lakes, Schneider Electric and P&G.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.