Manufacturing Industry
As General Motors Corp. wraps up its current three-year cost reduction program aimed at reducing its $85 billion global spend by 20%, it is launching another.(tip sheet: KEY METRICS AND SUPPLY ALERT)(Brief Article)
Purchasing, October, 2005
As General Motors Corp. wraps up its current three-year cost reduction program aimed at reducing its $85 billion global spend by 20%, it is launching another. The new plan, scheduled to begin in the fourth quarter, stresses that parts suppliers open factories in low-cost countries to become more price-competitive.
GM's purchasing boss, Bo Andersson, admitted suppliers are already frustrated with the company's emphasis on cost reductions.
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