Last Updated: 09/13/2012*
Raytheon was recently honored with the 2012 CIO 100 Award distinction by CIO magazine. The distinguished award recognizes excellence in using Information Technology (IT) in innovative ways to deliver business value.
“We are pleased to win CIO magazine’s CIO 100 award that recognizes the most innovative IT organizations,” said Jim McCoy, chief information officer for Raytheon’s Integrated Defense Systems business. “The distinction validates Raytheon’s ability to continually optimize business processes and better enables global growth.”
Raytheon demonstrated its ability to create new value through innovative IT methods by addressing a complicated business process head-on. Through a rigorous cross-functional project that leveraged Raytheon Six Sigma™ and LEAN principles, the company developed a new business decision-enabling system that resulted in significant time and cost savings.
The Integrated Product and Supplier Sourcing (iPASS) system enables users to find best value parts or preferred suppliers faster and more efficiently. By combining multiple data sources into one system, iPASS users can access and find the correct information among tens of millions of data records to make informed product decisions instantly. The new systems streamlined the product lifecycle dramatically, allowing Raytheon to save time, cut costs and pass savings on to its customers.
About the CIO Awards
The 25th annual CIO 100 Awards celebrates 100 organizations (and the people within them) that are using information technology in innovative ways to deliver business value. Recipients must show not only that they have executed their project well, but they have done so in uncommon, innovative ways: pioneering a new technology, applying a familiar technology to a new purpose, or setting the bar higher for competitors.
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