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Knorr-Bremse, the German-based manufacturer of braking systems for rail and commercial vehicles, has grown and expanded throughout its 112-year history by making a number of acquisitions.
In 2016, the business purchased three very different companies: UK-based, engine air management solutions company GT Group, German technology firm tedrive Steering Systems and the on-highway CVS transmission components business from Bosch in Japan.
The functions, staff, suppliers and technology systems of these different businesses had to be seamlessly integrated into Knorr-Bremse. For procurement, this brought with it a series of challenges, including trying to absorb a combined total of 17 purchasing executives and nearly 300 suppliers.
In this webinar, Nicolas Thomas, Knorr-Bremse’s global purchasing governance director, talks about how he went about this integration journey and ended up creating a more structured, organised process – successfully reorganising the function to improve performance and agility.
This article is a piece of independent writing by a member of Procurement Leaders’ content team.