Schneider National named winner of INFORMS Prize
Hanover, MD, November 28, 2006 -- The Institute for Operations Research and the Management Sciences (INFORMS) today announced the award of its annual INFORMS Prize to Schneider National, the provider of truckload, logistics, and intermodal services.
Only one organization receives the award every year.
Glenn Wegryn, Associate Director, Global Analytics at Procter & Gamble and the INFORMS Award committee chair, presented the award to the Engineering and Research Department at Schneider National. The prize, he said, recognized Schneider National’s demonstrated record of using operations research (O.R.) throughout the company’s strategic, tactical, and operational levels.
"Top executives at Schneider National clearly appreciate the competitive advantage that quantitative analysis can make to an organization," says Wegryn. "They ask their O.R. team to address tough challenges throughout the company. The O.R. group's business model for success is results-driven, integral to the company's strategic goals, and has demonstrated a consistent track record of impressive contributions to the bottom line."
The award committee recognized that O.R. has been an important contributing part of Schneider’s business for over 25 years, enhancing applications in shipment and driver planning, revenue management, dedicated fleet management, and operational decision support. These applications improved annual Schneider National’s earnings by more than $10 million and exemplify O.R.’s integration into the business’s decision making.
The Institute for Operations Research and the Management Sciences annually awards the INFORMS Prize for effective integration of operations research into organizational decision making. The award is given to an organization that has repeatedly applied the principles of O.R. in pioneering, varied, novel, and lasting ways.
The INFORMS Award was presented at the organization’s annual meeting in Pittsburgh on November 6th. Past recipients of the award include UPS, Hewlett-Packard, IBM, Procter & Gamble, and Air Products and Chemicals, Inc.
Operations research is the application of advanced analytical methods to help make better decisions.
The Institute for Operations Research and the Management Sciences (INFORMS®) is an international scientific society with 10,000 members, including Nobel Prize laureates, dedicated to applying scientific methods to help improve decision-making, management, and operations. Members of INFORMS work in business, government, and academia. They are represented in fields as diverse as airlines, health care, law enforcement, the military, financial engineering, and telecommunications. The INFORMS website is www.informs.org. More information about operations research is at www.scienceofbetter.org.
About Schneider National, Inc.
Schneider National, Inc. is a premier provider of truckload, logistics and intermodal services. Serving more than two-thirds of the FORTUNE 500® companies, Schneider National offers the broadest portfolio of services in the industry. The company’s transportation and logistics solutions include One-Way, Intermodal, Transportation Management, Dedicated and Bulk. With wholly owned subsidiaries Schneider Logistics, American Port Services and American Overseas Air Freight, Schneider National is the only truckload carrier to offer customers end-to-end domestic and international logistics solutions. Headquartered in Green Bay, Wis., Schneider National has provided expert transportation and logistics solutions for more than 70 years. A $3.5 billion company, Schneider National conducts business in more than 28 countries in North America, Europe and Asia, and continues to grow its international service offerings. For more information about Schneider National visit www.schneider.com or call (800) 558-6767.
Last reviewed: By John M. Grohol, Psy.D. on 30 Apr 2016
Published on PsychCentral.com. All rights reserved.