Fritz Institute Formed to Strengthen Weak Links in the Disaster Relief Chain.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Feb. 20, 2002 Expertise, Resources, and Collaborations with Business, Academics, NGOs to Support Disaster Relief Organizations Worldwide Recognizing logistics' central role in delivering essential help to disaster victims, Lynn C. Fritz formed the Fritz Institute to expand the availability of talent, best practices and state-of-the-art technology to humanitarian organizations worldwide. Fritz Institute will mobilize mo·bi·lize v. 1. To make mobile or capable of movement. 2. To restore the power of motion to a joint. 3. To release into the body, as glycogen from the liver. business community partnerships to provide expertise and functional support, and collaborate with the academic community to research the needs of disaster relief organizations and educate their service professionals on best practices. Known as a pioneer of logistics services, Mr. Fritz leverages his 30-years of experience and resources to augment the expertise and resources of NGO NGO abbr. nongovernmental organization Noun 1. NGO - an organization that is not part of the local or state or federal government nongovernmental organization and governmental disaster relief organizations. This marks the launch of Mr. Fritz's endeavors, since the sale of Fritz Companies, for which he was Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , to UPS in 2001. On the heels of the World Economic Forum's announcement of its Disaster Response Network, which Fritz co-chairs, the Institute will foster partnerships throughout the international business community to provide NGOs with increased access to contemporary commercial practices and technology. In fact, Fritz Institute is already engaged to help the International Federation of Red Cross and Red Crescent Red Crescent n. 1. A branch of the Red Cross organization operating in a Muslim country. 2. The crescent-shaped emblem of such a branch. develop state-of-the-art logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet software that will enable them to expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. the ordering, inventory, management, and distribution of supplies like medicine, food and shelter to disaster sites. Fritz Institute has partnerships underway with prominent academic institutions like Georgetown University Georgetown University, in the Georgetown section of Washington, D.C.; Jesuit; coeducational; founded 1789 by John Carroll, chartered 1815, inc. 1844. Its law and medical schools are noteworthy, and its archives are especially rich in letters and manuscripts by and and faculty from INSEAD INSEAD Institut Européen d'Administration des Affaires (European Institute for Business Administration; now know simply as INSEAD) INSEAD I Never Stop Eating And Drinking University in France and Florida International University Florida International University, primarily at University Park, Miami; coeducational; chartered 1965, opened 1972. A research university, it has 18 colleges and schools and many specialized centers and institutes, including those in biomedical engineering, database to research best practices, provide training to disaster relief professionals and convene CONVENE, civil law. This is a technical term, signifying to bring an action. disaster relief leadership: NGO professionals, public policy makers and funders. This spring, a teaching case study sponsored by Fritz Institute will be released, which examines the logistics operations of the International Federation of Red Cross and Red Crescent during the Gujarat, India rescue and relief efforts. Lynn Fritz remains active in the business arena, both as a leader and as an investor in innovative business applications to continue advancing logistics and developing business models for the industry. His continued ties to the business of logistics will help the Institute bring the best commercial practices and resources to help disaster relief organizations worldwide. About Fritz Institute The Fritz Institute was created to bring together business best practices and academic research to augment the capabilities of humanitarian organizations engaged in disaster relief around the globe. By creating a worldwide network of scholars to research best practices and providing access to state-of-the-art technology from the commercial arena, Fritz Institute aims to facilitate the effective delivery of disaster relief. The Fritz Institute was founded by Lynn C. Fritz. A pioneer in the global logistics industry, Fritz was the Chairman and CEO of the Fritz Companies Inc. until May 2001 when it was acquired by UPS Inc. Under his leadership, Fritz Companies was transformed from a family owned domestic documentation company to a global organization of 10,000 employees in 120 countries. |
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