2005
New England Supply Chain Conference & Exhibition

UTC: A Case Study - Saving Millions of $$ Annually Through Contract Revisions, Policy Changes, Streamlined Processes, & Enhanced Technology

by Scott Singer

United Technologies Corporation's procurement initiative UT500, has been so successful that the company increased UT500's overall domestic savings goal to $1 billion by year-end from the original target of $500 million in three years. The program has also spurred a successful European program and an Asian version that will start this year.

Scott Singer, Director of General Procurement will share some of the key components that made this program so successful and provide some lessons learned in the process.