Purchasing focus saves US steel firm millions_2
19 July 2012
Cross-functional training and an emphasis on strategic thinking has helped US firm Bethlehem Steel Corporation (BSC) to cut its annual procurement spend by £109 million.
The company achieved this by expanding purchasing’s brief beyond cost reduction and using it to speed overall strategic change, Robert Rudzki, BSC’s vice-president of purchasing and chief procurement officer, told delegates at the National Association of Purchasing Management’s annual conference in New Orleans this month.
Rudzki realised in 1995 that long-term...