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Doubling in Size in Five Years

Timkens finance chief Glenn Eisenberg used a major technology revamp to redesign the company.

By Dave Lindorff | Updated on June 27, 2011

Glenn Eisenberg, executive vice president of finance and administration at Timken Co., faced a challenging task back in 2005: Implement a $220 million capital investment program, called Project One, that involved upgrading the company’s IT and implementing SAP software for supply chain management.

The goal was to complete the project by the end of 2010, along the way achieving reductions of $85 million a year in working capital and $75 million a year in expenses, for total annual savings of $160 million. 

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