Procurement Leadership successfully implemented

In the area of procurement we were able to bring the Procurement Leadership project to a successful conclusion in 2011. Its main aim was to generate a significant earnings contribution from purchasing activities by improving cooperation between the business segments and making the purchasing processes and systems more professional and standardised. A Group purchasing policy was adopted to ensure that uniform governance standards are applied throughout the Group. This also explicitly includes corporate responsibility as an area of focus for procurement. To secure the results in the area of procurement for the long term, a Corporate Sourcing department was set up as a permanent organisational unit under the Chief Financial Officer.

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