In honor of SupplyCore being named to the 2018 Inc. 5000, Inc.’s annual list of the fastest growing companies in America, SupplyCore is featured in the 2018 Inc. 5000 Yearbook. SupplyCore’s profile article in the yearbook entitled, “Sustainable Growth Equals Strategic Planning,” includes an interview with SupplyCore President & CEO Peter Provenzano, who shares the story behind his company’s growth. An Inc. 500 Hall of Fame member, SupplyCore has ranked previously five times on the Inc. 500 and most recently 3 consecutive times on the Inc. 5000.
At the heart of SupplyCore’s focus to achieve scale and sustainability is the company’s commitment to strategy execution, led by Provenzano and his leadership team. This focus on strategic planning and execution compelled Provenzano and his team to develop internally a cloud-based strategy execution tool, MPOWR Envision, through its technology division, MPOWR. In the article, Provenzano speaks to the effects such a powerful software tool has had on SupplyCore and its success.
Below is an excerpt of the article and interview. To read the full article, visit Inc’s website.
The team at SupplyCore is not one to rest on its laurels. Key to its success has been its ability to manage short-term goals and gains while also looking toward the future. To do so, Peter Provenzano, president and CEO of SupplyCore, led the development of a webbased strategy planning and execution software, MPOWR Envision. Next year, the company will go to market with the tool, allowing other organizations and
communities to leverage the planning system that has been so integral to SupplyCore’s growth and resilience.
SupplyCore, an award-winning Small Business U.S. Defense contractor, was founded by Provenzano’s father in 1987 as a distributor of mechanical components to the aerospace and defense industries. In the late 1990s, it evolved into a supply chain and technology integrator responsible for optimizing information, material, and financial flows for the U.S. military and its allies in times of peace and crisis. This transformation helped SupplyCore land a spot on the Inc. 500 for five consecutive years from 2000 to 2004.
But growth hasn’t always been an upward trajectory. Around 2005, there was a lull in federal contracting that made it challenging for SupplyCore to maintain its expansion pace. “We had to focus on identifying new ways to achieve scale and sustainability,” Provenzano says. “That is where MPOWR Envision comes in.”