Hot off the Press


 

SHARE:  

Visteon Continues to Pare Down its Supplier List

Visteon Continues to Pare Down its Supplier List

Wednesday, August 25, 2004
 
In 2001, Visteon Corp., Traverse City, MI, had 2500 suppliers. Today it has fewer than 1500, and soon it will have 900, according to a recent article in Crain’s Detroit Business. Its North American purchasing chief, quoted in the article, says that the firm will use a cost-target approach with key suppliers, rather than auctioning for the lowest price. It will set specific price targets on components and work with suppliers to meet those prices.

 

Visit Our Sponsors