E-Procurement-in-New-Dimensions

General electric americas consistently most admired

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: of volume leverage and better purchasing controls. BNSF is also using reverse auctions to sell off surplus locomotives, buy equipment parts, contract for future natural gas needs, and other purposes – with 8-10% savings achieved to date. Plans are also underway to broaden the supplier pool and improve transaction efficiency by developing a vertical e-marketplace with other major railroads. General Electric: America’s consistently most admired company and CEO are pursuing eprocurement in a major way, with initiatives in transaction processing efficiency, web-based auctions, on-line supplier collaboration, and purchasing process improvement – as well as programs to sell e-procurement services to other companies. With about $5 billion of on-line auctions planned for the coming year across plastics, medical equipment, aircraft engines, power systems, and other business units, GE expects to save $500 million or more in purchase prices and to reduce transaction costs by up to 90% -- on millions of transactions per year. On-l...
View Full Document

This test prep was uploaded on 04/01/2014 for the course INDE 6370 taught by Professor Staff during the Spring '08 term at University of Houston.

Ask a homework question - tutors are online