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It’s time to stay close to the pack. It may be time to run towards the leaders. At its annual conference in May, the Institute for Supply Management (ISM) honored L-3 Communications as the recipient of the Annual ISM Awards for Excellence in Supply Management in the Process Category. ISM recognized L-3, a major aerospace and defense prime contractor, for its initiative to help mitigate the risks and costs associated with component obsolescence and counterfeit parts in the supply chain. “L-3 implemented executive councils comprised of senior leaders in the supply chain and quality organizations, and deployed teams to develop a disciplined and comprehensive strategy,” ISM noted in announcing the honor.