Manufacturing Industry
Ford saves $38 million in online auctions.(Brief Article)
European Rubber Journal, February, 2001 by Kisiel, Ralph
In November, Ford Motor Co. broke the silence over the financial benefits of its e-commerce activities The automaker, which had done 65 online auctions by the end of November, has saved about 19 percent, or $38 million on sales of more than $200 million in online auctions, said Andy Eggleston, vice president of Ford of Europe's Consumer Connect Europe.
"So far, penetration has been very, very slight," he said.
Ford's annual purchasing totals $91 000 million. About $13 500 million of that is production and non-production commodity items, Eggleston said. If Ford auctions the entire $13 500 million in commodities, a 20 percent saving would be about $2700 million, he said.
"We have saved on things like gear knobs for Ford, leather seat covers...
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