Monday, December 01, 2008
Procurement Outsourcing News
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Hertz signals intentions by sealing new procurement outsourcing deal
Hertz has signed a new five-year procurement outsourcing deal with ICG Commerce as it looks to increase efficiency and achieve increased savings across its indirect spend.
The new contract will cover the company’s North American and European operations, and will include areas such as facilities, transportation, IT, benefits, and marketing.
"Our objective is to be the lowest cost, highest quality, and most customer-focused company in the rental markets we serve. We are selecting service providers who will help us drive efficiency, quality and service improvements worldwide," said Mark P. Frissora, Hertz's Chairman and Chief Executive Officer.
John Thomas, Executive Vice President, Global Supply Chain at Hertz, added, "Partnering with ICG Commerce enables us to drive material savings across our indirect spend over the next five years, while increasing our focus on our direct expenses and other key supply chain opportunities."
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