Slide 30 of 42
Notes:
ANOTHER INITIATIVE TO CONTAIN COSTS WAS IN THE AREA OF STRATEGIC SOURCING, OR PROCUREMENT. AS YOU KNOW, RAW MATERIAL PRICES ARE ONE OF THE MOST CRITICAL VARIABLES IN OUR PERFORMANCE. AGAIN, USING TEAMS, WE ACHIEVED $12 MILLION OF REDUCTIONS IN THE TOTAL COST OF OWNERSHIP FOR MATERIALS AND SERVICES COMPARED TO MARKET PRICE DEVELOPMENTS.
