Buy custom The Comeback of Caterpillar, 1985-2002.
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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 1985 |
Essay's paper body
In 1985, Caterpillar hired George Schaefer, as the CEO of the company.
Under his leadership, Caterpillar devised and implemented several strategies that impacted many functions of the company including purchasing, manufacturing, marketing, personnel, and labor relations. These strategies he accomplished in the following ways:
1...
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These strategies he accomplished in the following ways:
1. Global Outsourcing: Schaefer replaced the company's heavy reliance on in-house production with global outsourcing. Through its new policy of "shopping around the world", Caterpillar worked closely with and purchased about 80% of its parts and components from low-cost suppliers around the world...
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