PRTM
Encyclopedia
PRTM is a management consulting
subsidiary of PwC
. The firm’s business centers on the areas of operational strategy, supply chain innovation
, product innovation, and customer experience innovation
. PRTM was named to Consulting Magazine's 2010 "Best Firms to Work For".
PRTM offers expertise across these industry sectors: automotive
, aerospace and defense
, chemicals and process industries, communications, consumer goods and retail, electronics, energy
, financial services
, health care, industrial, private equity, public sector, semiconductor
, and software.
. When the firm added eastern United States
operations in 1977, it was incorporated as Pittiglio, Rabin, Todd & McGrath after its founding partners Theodore Pittiglio, Robert Rabin, Robert Todd, and Michael McGrath. The founders have since retired from the business. Theodore (Ted) Pittiglio passed away in 1994. Today, the firm is known as PRTM. On June 24, 2011, PricewaterhouseCoopers (PwC) acquired PRTM. The deal closed on August 22.
The firm began benchmarking business performance for its clients in 1982. PRTM’s international expansion started in 1985. In 1988, PRTM pioneered its "Product And Cycle-time Excellence
" (PACE) framework to provide companies with a multi-disciplinary approach to innovation. PRTM co-developed the "Supply-Chain Operations Reference-model" (SCOR) with the Supply-Chain Council
in 1996. In 1997, the firm launched a subsidiary, The Performance Measurement Group, LLC
(PMG). Rabin and McGrath were the last of the original founders to retire, in 2002 and 2004, respectively. The firm's leadership team is:
A quarterly publication, PRTM Insight, provides PRTM's latest thinking and experience on global issues of concern to C-level executives.
Beijing
Bengaluru
Boston
Chicago
Copenhagen
Dallas
Detroit
Dubai
Frankfurt
Glasgow
London
Munich
New York
Orange County
Paris
Shanghai
Silicon Valley
Tokyo
Washington, D.C.
Management consulting
Management consulting indicates both the industry and practice of helping organizations improve their performance primarily through the analysis of existing organizational problems and development of plans for improvement....
subsidiary of PwC
PwC
PricewaterhouseCoopers is a global professional services firm headquartered in London, United Kingdom. It is the world's largest professional services firm measured by revenues and one of the "Big Four" accountancy firms....
. The firm’s business centers on the areas of operational strategy, supply chain innovation
Supply chain management
Supply chain management is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers...
, product innovation, and customer experience innovation
Customer relationship management
Customer relationship management is a widely implemented strategy for managing a company’s interactions with customers, clients and sales prospects. It involves using technology to organize, automate, and synchronize business processes—principally sales activities, but also those for marketing,...
. PRTM was named to Consulting Magazine's 2010 "Best Firms to Work For".
PRTM offers expertise across these industry sectors: automotive
Automaker
The automotive industry designs, develops, manufactures, markets, and sells motor vehicles, and is one of the world's most important economic sectors by revenue....
, aerospace and defense
Aerospace
Aerospace comprises the atmosphere of Earth and surrounding space. Typically the term is used to refer to the industry that researches, designs, manufactures, operates, and maintains vehicles moving through air and space...
, chemicals and process industries, communications, consumer goods and retail, electronics, energy
Energy industry
The energy industry is the totality of all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution...
, financial services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
, health care, industrial, private equity, public sector, semiconductor
Semiconductor
A semiconductor is a material with electrical conductivity due to electron flow intermediate in magnitude between that of a conductor and an insulator. This means a conductivity roughly in the range of 103 to 10−8 siemens per centimeter...
, and software.
History
The firm was founded in 1976 in Palo Alto, CaliforniaCalifornia
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
. When the firm added eastern United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
operations in 1977, it was incorporated as Pittiglio, Rabin, Todd & McGrath after its founding partners Theodore Pittiglio, Robert Rabin, Robert Todd, and Michael McGrath. The founders have since retired from the business. Theodore (Ted) Pittiglio passed away in 1994. Today, the firm is known as PRTM. On June 24, 2011, PricewaterhouseCoopers (PwC) acquired PRTM. The deal closed on August 22.
The firm began benchmarking business performance for its clients in 1982. PRTM’s international expansion started in 1985. In 1988, PRTM pioneered its "Product And Cycle-time Excellence
Excellence
Excellence is a talent or quality which is unusually good and so surpasses ordinary standards. It is also an aimed for standard of performance.-History:...
" (PACE) framework to provide companies with a multi-disciplinary approach to innovation. PRTM co-developed the "Supply-Chain Operations Reference-model" (SCOR) with the Supply-Chain Council
Supply-Chain Council
Supply-Chain Council is an independent non-profit organization, as the cross-industry standard for supply chain management. SCC has developed and endorsed the Supply-Chain Operations Reference -model, a process reference model for supply chain management.The SCC was organized in 1996 by Pittiglio...
in 1996. In 1997, the firm launched a subsidiary, The Performance Measurement Group, LLC
Limited liability company
A limited liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions...
(PMG). Rabin and McGrath were the last of the original founders to retire, in 2002 and 2004, respectively. The firm's leadership team is:
- Scott Hefter, Global Managing Director
- Mary Lyons, Chief Talent Officer
- Mark Strom, Americas Managing Director
- Mohamed Kande, Europe, Middle East, and South Asia Managing Director
- Susan Kantor, Chief Financial Officer
- Tom Godward, Director, Transactions
Publishing
PRTM consultants have authored numerous books, including:- Making Innovation Work: How to Manage It, Measure It, and Profit From It (by Tony Davila, Marc J. Epstein, and Robert Shelton, Wharton School Publishing, 2005, ISBN 0131497863),
- Strategic Supply Chain Management: The Five Disciplines for Top Performance (by Shoshanah Cohen and Joseph Roussel, McGraw-HillMcGraw-HillThe McGraw-Hill Companies, Inc., is a publicly traded corporation headquartered in Rockefeller Center in New York City. Its primary areas of business are financial, education, publishing, broadcasting, and business services...
, 2004, ISBN 0071432175), - Strategic IT Portfolio Management (2005),
- Next Generation Product Development: How to Increase Productivity, Cut Costs, and Reduce Cycle Times (McGraw-HillMcGraw-HillThe McGraw-Hill Companies, Inc., is a publicly traded corporation headquartered in Rockefeller Center in New York City. Its primary areas of business are financial, education, publishing, broadcasting, and business services...
, 2004), - Setting the PACE in Product Development: A Guide to Product And Cycle-time Excellence (by Michael E. McGrath, Butterworth-Heinemann, rev. ed. 1996, ISBN 978-0750697897),
- Voices into Choices: Acting on the Voice of the Customer (by Gary Burchill and Christina Hepner Brodie, Joiner Associates, 1997, ISBN 1884731139),
- Product Strategy for High-Technology Companies: How to Achieve Growth, Competitive Advantage, and Increased Profits, (by Michael McGrath, McGraw-HillMcGraw-HillThe McGraw-Hill Companies, Inc., is a publicly traded corporation headquartered in Rockefeller Center in New York City. Its primary areas of business are financial, education, publishing, broadcasting, and business services...
, 2nd ed., 2000, ISBN 0071362460).
A quarterly publication, PRTM Insight, provides PRTM's latest thinking and experience on global issues of concern to C-level executives.
Employee Satisfaction & Opportunity
PRTM has been featured in numerous publications for the quality of its culture and morale. The company is frequently chosen as one of “10 Best Firms to Work For” by Consulting Magazine.Recruiting
PRTM recruits at MBA and undergraduate levels. PRTM's candidates typically come from top/Ivy League schools and their international equivalents, liberal arts colleges, and business schools across the world. PRTM also recruits experienced industry candidates with deep management experience.Offices
BeijingBeijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
Bengaluru BostonBoston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...
ChicagoChicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
CopenhagenCopenhagen
Copenhagen is the capital and largest city of Denmark, with an urban population of 1,199,224 and a metropolitan population of 1,930,260 . With the completion of the transnational Øresund Bridge in 2000, Copenhagen has become the centre of the increasingly integrating Øresund Region...
Dallas Detroit DubaiDubai
Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...
FrankfurtFrankfurt
Frankfurt am Main , commonly known simply as Frankfurt, is the largest city in the German state of Hesse and the fifth-largest city in Germany, with a 2010 population of 688,249. The urban area had an estimated population of 2,300,000 in 2010...
GlasgowGlasgow
Glasgow is the largest city in Scotland and third most populous in the United Kingdom. The city is situated on the River Clyde in the country's west central lowlands...
LondonLondon
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
MunichMunich
Munich The city's motto is "" . Before 2006, it was "Weltstadt mit Herz" . Its native name, , is derived from the Old High German Munichen, meaning "by the monks' place". The city's name derives from the monks of the Benedictine order who founded the city; hence the monk depicted on the city's coat...
New YorkNew York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
Orange County ParisParis
Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
ShanghaiShanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
Silicon Valley TokyoTokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
Washington, D.C.Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
External links
- http://www.prtm.com/
- The Performance Measurement Group