Friday, April 5, 2013

Bombardier-Opportunities for sustainable development

Thank you for giving me this chance to propose my ideas on how our compevery drive out explore future opportunities and gain competitive advantage employ sustainability as a strategy.

I. Cost Savings

I will begin with addressing the pecuniary health of the company. I feel that the cost cutting initiatives taken so far are seeds sown that will have benefits in the future (savings of $600 million annu all toldy after 2005)

However Bombardier should boil down on a limited number of suppliers in purchase order to fol downhearted a centralized approach to negotiating contracts and buying materials and cartel a discounted bulk price.

While our rail sector might not be a leading one, when it comes to development of innovative green products, we could sure as shooting look into the deployment of e.g. back-casting methodology and Six Sigma in the field of surround in order to achieve cost-effective products. Environmental aspects to be considered include material choices, energy use, land use and extraneous noise amongst others.

The train division should concentrate more on servicing and maintenance rather than thinking of itself as a manufacturer of rail equipment, thereby assessing the risks inherent in all contracts rather than bidding to undercut competition at any cost. At the same time, we must stop bidding low on contracts.

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Today, when the companys financial health is of pristine importance, Bombardier can have to follow the paradigm of Short terminal pain for long term gains.

At the same time, we should benchmark against Boeing and concentrate on fuel efficiency, firearm focusing on transformative technologies that will be the economic engines of tomorrow .

Not to undermine the procurement integration program, launched to rationalize the number of suppliers the business utilizes, improver parts standardization, and centralize negotiation processes to achieve economies of scale wheresoever possible , we could shift operations to low cost...

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