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Building Bridges in FY'03: Optimizing Procurement and Supplier Management Strategies

In FY'03, we focused on creating connectivity in procurement rather than barriers. This initiative emphasizes building effective partnerships among suppliers through the implementation of advanced technology and process improvements. We outlined key strategies such as identifying requirements, setting expectations, managing suppliers effectively, and optimizing procurement processes. Our goals included achieving a 3.0% net inflation target on $5B in purchases through innovative projects like reverse auctions and improving working capital by over $70 million. Join us in this journey of strategic transformation!

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Building Bridges in FY'03: Optimizing Procurement and Supplier Management Strategies

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  1. Making FY’03 a Year Building Bridges Not Walls

  2. “Helping” to Build the BridgeUtilizing PAC T. Goeckeler ** - Alco M. Lehman** - W-R S. Motter* - TOD J. Rayner - ETC R. Welker - PWS S. Anderson ** - EPT S. Saxton* - Fisher Valves S. Belinky** - EGS B. Estes* - Asco Valve * - e-Supply Chain ** - I-M Project Mgt.

  3. The Path to O.P. Keep the Money Coming Find the Money • Improve Skill Sets • Implement Technology Enablers • Manage Compliance • Streamline Process • Utilize MIN • ID Opportunities • Develop Market Perspective Visibility Sustainability Supply Intelligence Spend Analysis Optimizing Procurement Supplier Consolidation Process Get the Money • ID Requirements • Set Expectations • Manage Suppliers • Develop Report Card

  4. Achieve (3.0%) Net Inflation Target Bid $.5B Purchases via Reverse Auctions Develop Implementation Solution(s) Complete Pilot Phase and Expand Applications of ADC Improve DPO Working Capital by > $70 Mil FY’03 “Must Do’s”

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