Looking to pare costs, Ford to slash supplier base in half
Sep 29, 2005 | 12:30 PM
| Renate Foster Mas
Driving for a return to profitability, Ford Motor Co. plans to overhaul its supplier system by slashing the number of suppliers it uses for key high-impact parts and components by about 50 percent.
Dubbed the Aligned Business Framework, the initiative will see the world's third-largest automaker enter long-term agreements with select suppliers globally. As part of the deal, Ford intends to significantly expand the volume of business with these select suppliers, the first of which in the initial phase of the effort were identified as Sweden's Autoliv Inc., Delphi Corp., Johnson Controls Inc., Lear Corp., Canada's Magna International Inc., Visteon Corp. and Japan's Yazaki Corp.....
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