IT managers and staff from retailer Marks & Spencer and bank clearing house Bacs won accolades for their IT projects at the Corporate IT Forum's (Tif) annual awards last week.
Marks & Spencer won the business profitability category with its web-based Collaborator system. The system integrates supplier processes, system planning, forecasting and replenishment and has already achieved a 4% increase in sales, a four-week reduction in stockholding and a 40% decrease in the value of holdings of reduced price stock.
Bacs won the project innovation category with its completion, on time and to budget, of the first stage of moving the central banking clearing system to an IP-based system built to handle five billion transactions a year.
The project, which involved 13 banks, 40,000 business customers, 250,000 other customers and handling peak loads of 100 million payment transactions in a day, was completed in 20,000 working days.
The projects were judged best for their tangible business value, innovation and for being on time and to budget. "These awards are prized because IT practitioners judge projects with their own standards," said Tif chairman Jonathan Mitchell, who is also director of business improvement at Rolls-Royce.