Citation
(2000), "Surprisingly large", Work Study, Vol. 49 No. 5. https://doi.org/10.1108/ws.2000.07949eab.010
Publisher
:Emerald Group Publishing Limited
Copyright © 2000, MCB UP Limited
Surprisingly large
Not only is it unprecedented for GM, Ford and DaimlerChrysler to come together to form a joint venture, but they are also creating the largest Internet business ever. NewCo, the joint portal intended to allow faster and cheaper communication and interaction with their suppliers is the most important B2B (business to business portal) so far. According to GM's group vice president of worldwide purchasing, Harold Kutner, "Nobody will be better. Nobody will be faster. Nobody will offer more to everyone involved." Automotive manufacturers from both sides of the Atlantic are pushing e-business because they are eager to reap a procurement efficiency harvest estimated by Goldman Sachs at $1,064 per vehicle built - if today's red tape and time lags can be cut out of purchasing systems.