IBM Corp

COMPANY: IBM Corp.
HEADQUARTERS: Armonk, NY
SIZE OF COMPANY: 1,000 or more employees; more than $1B in revenue
INDUSTRY: Miscellaneous manufacturing
PRIMARY PRODUCT LINE: Servers and systems, software, storage, OEM systems, Internet security, semiconductors, point-of-sale and self-service offerings
NAME OF PROJECT: Procurement Transformation
PROJECT OBJECTIVE: To establish common processes and common technologies; eliminate unnecessary work; introduce strategic sourcing in an organization that conducts business in 62 countries and manages more than $40 billion in spending
TECHNOLOGIES EMPLOYED: Model-Driven Business Transformation Tool-Kit
ACCOMPLISHMENTS/ROI: $1 billion in efficiencies over the past five years; $250 million in benefits in 2008; total cost reduction of $6.4 billion in goods, services, and spending