Internet bidding saves taxi maker 10% on its steel_3
18 July 2012
The company that makes London taxis may extend e-auctions for fuel and office supplies after it saved 10 per cent on steel.
The savings by Coventry-based London Taxis International (LTI) beat expected targets of 3-5 per cent on the annual purchase of 2,500 tonnes of steel in an online auction late last year, Adrian Banks, its purchasing manager, told SM.
“Suppliers were nervous, but we had a two- to three-month planning stage,” he said.
Consultant Group Supplies set up the two-...