News Archive

DuPont and Suntech Power Holdings announced that they had entered into a strategic agreement with an overall goal of augmenting the supply of PV materials and technologies in the global solar energy market. read more

(RTTNews.com) – International Business Machines Corp. (IBM), Wednesday reported that it has completed the acquisition of strategic sourcing company, Emptoris Inc. read more

As the US Thanksgiving holiday reminds us all that 2011 is rapidly drawing to a close we take a look at five reasons for procurement to say thanks: 1.    Procurement has had a ‘good recession’ Recessionary times has placed procurement in the spotlight.  Whilst there has been company-wide belt tightening – procurements increasing influence over [...]

Toyota Motor Corp., (TM-N60.72-1.22-1.97%) battered in the past eight months by natural disasters and the shock of the soaring yen, is rethinking some of the strategies it employed to become one of the world’s leading auto makers. read more

MedStar Health is joining forces with two other major health care systems to create a purchasing giant, continuing its efforts to consolidate expenses by reaching outside of its corporate walls for more buying clout. Columbia, Md.-based MedStar, which owns the District’s two largest hospitals, has agreed with Novant Health of Winson-Salem, N.C., and Sentara Healthcare [...]

PHILADELPHIA, Nov 7, 2011 (GlobeNewswire via COMTEX) — ICG Commerce, the leading provider of comprehensive procurement solutions, today announced it has launched the ICG Commerce Executive Forum, a first-of-its-kind council dedicated to bringing together F1000 executives to discuss key challenges and opportunities to advance global supply chain and procurement best practices. read more

NEW DELHI: US-based coffee retail giant Starbucks on Monday said it expects to soon announce a roadmap for its entry into India, as talks with Tata Coffee for a potential alliance are moving forward. The company had earlier signed a Memorandum of Understanding (MoU) with Tata Coffee for formation of a strategic alliance for sourcing [...]

Mon May 9, 2011 8:45am EDT: (Reuters) – Canadian Tire Corp offered to take full ownership of the country’s largest sporting goods retailer, Forzani Group Ltd, for C$771 million ($798.5 million) in cash as it looks to battle rising competition from U.S. rivals. read more

India, Thursday, 28 April 2011: In April 2008, Marks and Spencer and Reliance Retail, part of the Reliance Industries, signed a JV to become Marks & Spencer Reliance India with a goal of establishing M&S as a major retail brand in an upwardly mobile India. Through this JV, the company has been able to open [...]

PepsiCo looks to be centralizing a significant portion of its media and marketing procurement functions. In an internal memo obtained by Ad Age, Grace Puma, senior vice-president and chief procurement officer, detailed changes within PepsiCo’s advertising and marketing sourcing team, and highlighted the creation of a Center of Excellence (COE) for advertising and marketing. read [...]