How Did Goodyear, Timken and Kimberly-Clark Control Spending?

from industryweek.com

With greater pressure than ever to do more with less, business leaders are continually looking for solutions to cut costs and improve efficiencies. Companies like Kimberly-Clark and Goodyear recognize that they spend billions of dollars on non-strategic materials and services, such as maintenance of manufacturing equipment, logistics, marketing services, travel and entertainment, office supplies and telecommunication services and equipment. Responsibility for managing these non-core areas of spending is often fragmented across multiple departments, potentially leaving millions of dollars on the table. Increasingly, industry leaders charged with meeting business unit or division level P&L goals are engaging outside specialists to help them manage these areas of spending and drive significant savings.

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