John Thomas Madden

From 1927 to 1940, Madden was dean of New York University's business school, serving as a professor through the thirties until 1947, while rendering procurement training to the military in World War II.

He stated in his text, "Budgetary Control" (1930) that it "became apparent that, due to the amount of dollars at stake, purchases are more effectively handled by an individual who could concentrate on the business of procurement.

In transforming requests into materials for their organizations, procurement professionals also have to perform market analysis and do product forecasting as well as understand the law of contracts."

[6] The educator and business leader was president of Theta Nu Epsilon from 1926 to 1932, and again (of the splintered TNE) from 1935 to 1946 and was active in the Andiron Club.

[7] The John T. Madden Memorial Award at NYU's Stern School of Business are named in his honor and in recognition of his achievements.