Manufacturing Industry
HP targets $800 million in procurement savings. (Strategic Sourcing).(Brief Article)
Purchasing, July, 2002 by Smock, Doug
Purchasing synergies will create at least $800 million in savings in the Compaq-Hewlett Packard merger, which took effect earlier this year. "Our analysis shows that with the combination of our volumes, we have an opportunity to become the lowest-cost producer of PCs and servers in the world," says Corey Billington, vice president of global procurement services in the new HP.
Billington was the top purchasing officer at HP before the merger. The new organization features separation of direct, indirect and services, with Dick Conrad, Compaq's former head buyer, heading up direct procurement and indirect moving to supervision in the finance department. Leading the buying and logistics teams is Ed Pansel, senior vice president of worldwide operations...
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