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Simonelli Group honored with theIndustrial Excellence Award Italia 2021, the benchmark award for promotingexcellence in the industrial and servicesectors, and was among the finalists for the European edition along with major players such as Henkel, Nobilia and TMG Automotive. At the final European event held on January 27, Simonelli Group presented, along with the other finalists, how the company develops and innovates its top-down and bottom-up operational strategies and how it uses digitalization to transform the value chain.
Why did Simonelli Group win Industrial Excellence Award Italy 2021?
SDA Bocconi School of Management, academic partner of theIndustrial Excellence Awardsince 2016, has selected Simonelli Group as a company capable of representing the Italian business fabric, which is characterized by the presence of small and medium-sized enterprises. “The company, which is not located in the industrial centers of northern Italy, but has its headquarters and production plant in a small town in the Marche region,” said Prof. Alberto Grando, SDA Professor of Production and Technology, University L. Bocconi and academic co-director of the award for Italy – is an important example of how the market analysis and strategy adopted since the 1970s have allowed the business to grow and create a strong positioning starting from foreign countries (in fact, in Italy there was already high competitiveness in those years, with many players already structured, ed.) Now the company has a strong international presence and is a reference point for research and technological innovation, environmental sustainability and design. Efficient and effective management of processes andinvestment in people and careful organization have fostered significant growth in revenues (from 19 million euros in 2009 to 115 million euros in 2021). The values of profitability and customer loyalty have been remarkable even now in times of the COVID pandemic.”
“TheIndustrial Excellence Award is a great initiative for those companies and managers who are not satisfied with the status quoCOPY00 instead they always look outside their boundaries and comfort zone to always achieveexcellence“-specified Francesco Gallmann, Senior Lecturer of the Production and Technology Unit at SDA Bocconi and academic co-director of the award for Italy. “Simonelli Group is an example of this: a customer-oriented and extremely flexible production process capable of responding quickly to demand even in the pandemic period in which, contrary to all forecasts, the company presented a series of improvements from the point of view of energy consumption, CO2 emissions, quality, flexibility and digitalization of its products and services.”
At the end of the European event, won by Henkel, participants made very positive comments about Simonelli Group as a company able to listen and be close to the market and make a strong contribution to the growth of the coffee industry. “Comparing ourselves with large multinational companies is a great stimulus and provides us with useful insights to improve from different points of view,” said Fabio Ceccarani, CEO of Simonelli Group. “We are proud to have won the Italian award and to be among the four European finalists together with big players in the chemical, furniture and automotive industries. This is an important recognition for the work and results achieved so far by the entire Simonelli Group team.”
About Industrial Excellence Award:
Since 1995, the Industrial Excellence Award (IEA) competition has been a benchmark for quality management for European competitiveness in industry and service sectors. This competition focuses on Digital Strategy Innovation and Deployment Top-down & Bottom-up, or how organizations align distributed activities and knowledge to achieve common strategic goals. In the past, theIEA has awarded best practices in Lean Management (1st edition) and Supply Chain Integration (2nd edition); more recently the focus has shifted to cascading strategy and employee engagement for operational excellence (3rd edition) and in the latest edition on top-down and bottom-up operational strategies and theuse of digitization to transform the value chain. In past editions the IEA has been won by ABB, John Deere, Continental, BMW, Volkswagen, Bentley, Vestel, Infineon, Hello Fresh, Grifols, and Henkel.
TheIEA is supported by thirteen leading business schools: AESE Business School, Lisbon, Portugal; Cambridge Judge Business School, Cambridge, UK; ETH Zurich, Switzerland; HEC Paris, France; IESE Business School, Barcelona, Spain; IMD, Lausanne, Switzerland; Koҫ University Graduate School of Business, Istanbul, Turkey; LCL, Luxembourg; Rotterdam School of Management, Netherlands; SCA Bocconi, Milan, Italy; TU Eindhoven, Netherlands; Vlerick Business School, Ghent, Belgium; and WU Vienna, Austria. These business schools represent and manage the IEA in their own countries.
