Manufacturing Industry
Bayer's Rx: innovation; emphasis is on global collaboration, rethinking old approaches, tackling big new areas such as fleet costs, and achieving aggressive objectives. (Strategic Sourcing).(Bayer Corp )
Purchasing, February, 2003 by Smock, Douglas A.
Bayer Corp. initiated 750 cost reduction projects in 2001 and 2002 in the NAFTA region, netting cost reductions of more than $125 million, procurement officers said in recent interviews in Pittsburgh. In some cases Bayer buyers took new approaches to old problems--including several sole source agreements for mega chemical contracts. NAFTA Chief Procurement Officer Robert A. Rudzki also challenged buyers to go back to the drawing boards on long-term contracts and look for win-win combinations on new terms.
In a new initiative, the recently formed polymers company within Bayer launched its first global standardization project on a major equipment category. The project highlights increased global collaboration within the German-based chemicals giant. Bayer...
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