Reuters sets ‘ambitious’ target for Internet buying_2
19 July 2012
News and financial information provider Reuters has launched an Internet procurement initiative to get 60 per cent of global procurement spend online by the end of next year.
The target is “ambitious”, said Barry Donovan, global sourcing systems manager for Reuters. The company will review the progress of the system every three months.
Reuters’ iBuy e-catalogue, which uses the Oracle system, went live at the end of September for all international offices. Orders will be for low-value, high-volume items.
Donovan told the e-...