DMG Mori has received this year’s innovation award from the German Association for Supply Chain Management, Procurement and Logistics (BME).

The award was presented to the company for developments in its purchasing and logistics management.

DMG Mori chairman Christian Thönes said (www.en.dmgmori-ag.com): “We are proud of this special recognition of the digital transformation and the ‘realignment’ of our global purchasing strategy. Together with strong partners, we are driving our power of innovation forward.

“DMG Mori’s technology partners and suppliers are a significant factor in this success, and we would like to give our thanks to them.”

The award-winning concept offers more-efficient processes resulting from automated order transactions, a global matrix organisation with regional purchasing units, and integrated IT solutions.

To set up a completely automated procurement process, DMG Mori has also integrated financial accounting.

This means that the company’s entire process — from the order request to payment of the invoice — can be digitally mapped.

Consequently, demand forecasts are improved, and co-operation with suppliers is more efficient.