OCP Group, world leader in phosphates and fertilizers, is among the finalists for the 2021 Franz Edelman Award, for its achievements in the use of technological advances to transform all its production processes.
OCP was nominated alongside other leading organizations and operators around the world, including the United Nations World Food program, Alibaba, Amazon, JD.com, Lenovo and the Memorial Sloan Kettering.
The Franz Edelman Award is presented annually by the Institute for Operations Research and the Management Sciences (INFORMS) -- an American academic society based in Castonville, Maryland -- for distinguished achievements in operations research, management science and advanced analysis used to bring about change in society, industry and business.
«This recognition is a testimony of the hard work of our collaborators and the culture of innovation and entrepreneurship that we have created over the past ten years, and which I hope will continue to produce exceptional results as we enter the second wave of our transformation program», said Nada Elmajdoub, Executive Vice-President - Performance Management of OCP Group, quoted in a release from the institution.
OCP was selected for its achievements in the areas of advanced analytics, operations research and management sciences that have enabled the Group to record incremental annual profits of US $400 million.
In collaboration with Dynamic Ideas, OCP uses optimization models to enhance production, marketing and logistical processes: from the mines; to physical treatments; to chemical facilities; to inventory facilities; and at the port to facilitate global distribution in 2020.
This focus on optimization has led to innovation and entrepreneurship becoming central to OCP's culture. It has established new analytics-based decision-making processes which led to the development of a new university in Morocco, Mohammed VI Polytechnic University (UM6P), at which analytics plays a central role.