Takeover spurs truck component economies_2
19 July 2012
Truck manufacturer ERF has succeeded in wresting a 10 per cent saving from its £100 million-plus procurement budget after its takeover by truck company MAN nine months ago.
In the wake of the acquisition, a 15-strong purchasing task force was set up under Klaus Wagner, ERF’s procurement and finance chief. The team has been able to take advantage of the better terms obtained by MAN and its £1.5 billion purchasing spend.
Where an identical part could be supplied less expensively by a MAN contractor, ERF switched to MAN’s supplier....