- News Archive
‘Don’t lock in commodity prices yet’, warns top economist
Sunday, November 16, 2008
Commodity prices will continue to fall during 2009 and buyers should be wary about signing long-term contracts, according to a leading economist.
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Procurement Should be Central to Corporate Strategy, Says Report
Thursday, November 13, 2008
Procurement should be placed firmly at the core of corporate strategy and have proper resources allocated to it, according to a report by international legal practice Norton Rose Group.
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Supply chain management skills purchasing professionals need
Thursday, November 13, 2008
Remember the time when someone in the company who wanted to buy something would have to “go through purchasing?” It was as though the department was a passive filter—or worse, an obstacle course. It’s no wonder that purchasing professionals complained they got no respect.
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The Credit Crisis and Supply Chain Risk
Thursday, November 13, 2008
With the credit crisis showing few (if any) signs of a quick turnaround, not only do companies need to reassess their portfolio risk, they must also contemplate what the state of the credit market means relative to business continuity and the supply chain.
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BMW sourcing drive in Mexico
Wednesday, November 12, 2008
BMW has established a sourcing office in Mexico in an effort to boost purchasing power in Latin America.
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Another Survey Picks on Procurement Function
Tuesday, November 11, 2008
Trend of Late Seems to be that Execs Don’t Believe Procurement is Up to the New Challenges; The Good News – Opportunities for Companies and Careers are Great. Survey finds that a procurement “Transformation” is necessary to gain the full benefits.
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Each $1 saved can be $5 on the bottom line
Monday, November 10, 2008
THE credit crisis is affecting organisations from those connected to the Dow Jones to those run by Mr and Mrs Jones and is driving a need for tighter controls on cash.
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Prove your worth in financial crisis
Wednesday, November 5, 2008
The CEO of CIPS has urged buyers to seize a “window of opportunity” during the financial crisis to push procurement on to the top table.
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Walgreen “Rewiring for Growth” targets $1bn savings via strategic sourcing
Thursday, October 30, 2008
Walgreen’s targets approximately $1 billion in annual cost savings by fiscal 2011 through strategic sourcing of indirect spend, plans to reduce corporate overhead and work throughout the stores, and savings from the initiative to […]
Read MoreProcurement a High Priority for Most Companies, Yet Many Fail to Implement Improvements
Wednesday, October 1, 2008
New York — September 24, 2008 — Almost three-quarters (74 percent) of executives believe procurement issues are a high priority at their companies, yet about half (49 percent) say that the procurement function in their companies focuses too much on cost reduction instead of value creation, according to a survey of almost 600 global procurement […]
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