April 10, 2001 — U.S.-based General Motors Corporation has reported it will spend US$25 billion on maintenance, repair and operating supplies needed for its normal plant operations this year.
The company also recently announced the purchases will be made through a new online auto parts and information exchange called Covisint. The exchange, launched late last year, plans to provide Internet-based e-procurement services for the automotive industry.
DaimlerChrysler AG and Ford Motor Co. also have reported they plan to purchase supplies from the organization.
Covisint says Internet technology will speed the flow of material through the supply chain, increase response to consumer demand, and deliver new products to market faster than ever before. There’s more details on the web site at www.covisint.com.