Manufacturing Industry
Who's got strategic sourcing on the brain?(Buylines: strategies sourcing news for supply chain & purchasing professionals)(Allied Motion Technologies)(DuPont)(Brief Article)
Purchasing, June, 2004
DuPont has set a goal to reduce fixed costs by $700 million in 2005, with $375 million of that coming by reducing external spending in areas such as contract services, supplies procurement, telecommunications and information technology expenses. DuPont will target both SKU reduction and "sourcing optimization" to achieve the savings.
Toro recently credited a new method of strategic sourcing for part of its improved profitability. The new sourcing strategy takes into account all phases of products' lifecycles, from development to production and delivery and reconciles the conflicting goals of individual departments, such as the purchasing department's desire to buy parts in bulk to save money and plants' desire to keep inventories lean. Toro also developed...
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