Leggett & Platt seeks Chief Purchasing Officer
August 15, 2011 | 11:11 pm CDT
CARTHAGE, MO - Furnishings and fixture manufacturer Leggett & Platt Inc. advertises for a chief purchasing office to oversee its $1.5 billion in spending, and "deliver measurable procurement cost savings, with particular emphasis in Asia."

The Carthage, MO firm reported $3.6 billion in revenue last year, up 10 percent.

Over the last three years Leggett & Platt says it has reduced its fixed cost structure, but purposely retained spare production capacity so sales can rebound to over $4 billion without the need for large capital investment. Capital expenditures for 2011 are expected to be about $85 million.

Leggett says it anticipates 2011 sales of approximately $3.4 - 3.6 billion, and recently adjusted sales prices in response to significantly higher raw material costs. Leggett expects the lag in cost recovery will have an impact on first quarter 2011 margins.  The 128-year-old firm is comprised of 19 business units, 19,000 employee-partners, and 140 manufacturing facilities located in 18 countries.


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