The art of Purchasing

The Purchase Department can make or break a Company. The general and administrative costs at one of these large, troubled regional discounters was 27 percent of sales. Wal-Mart's is 15 percent. This cost difference alone can explain the difference between spectacular success and spectacular bankruptcy! Wal-Mart's costs aren't just lower because they're bigger. They're lower because Sam Walton was the cheapest CEO in America--and by no coincidence, also the richest!

Wednesday, February 13, 2008

Supplier Control by ABB

Welcome to Sustainability at ABB
For ABB, sustainability is about balancing economic success, environmental stewardship and social progress to benefit all our stakeholders.
Sustainability considerations cover how we design and manufacture products, what we offer customers, how we engage suppliers, how we assess risks and opportunities, and how we behave in the communities where we operate and towards one another. We also strive for excellence in health and safety performance.
Seven priorities
Key areas where ABB is making a difference
Environmental
Policy and performance, covering sites, products and suppliers
Energy efficiency
Energy efficiency is ABB's business
Social
Policy and performance, health and safety, stake-holder engagement
more