PPT Slide

Strategic Sourcing Teams

• Another initiative to save cost

• Raw material prices = critical variable in our performance

• Achieved $12 million of reductions  in the total cost of ownership for  materials and services compared to  market price developments.

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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.