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UK firms have got better at paying their suppliers’ bills on time, according to a survey by Grant Thornton and Business Strategies, with average payment times falling from 52 days to 46. The average for the EU as a whole is 55 days; Greece is the worst offender - suppliers there wait an average of 87 days - while the Finns generally pay bills in 26 days.

Defence procurement merger_2

British Aerospace Defence Systems Group is undertaking a pilot for the integration of its procurement practices with Marconi, the company with which BAe recently merged. The integration pilot pulls together previous acquisitions into the group that represents the non-aircraft part of BAe and incorporates Land and Sea Systems, Royal Ordnance and other shareholdings.

Consulting for Real People_2

Some readers (and certainly a number of purchasing gurus worldwide) have fond recollections of the social upheavals of the 1960s and 1970s. While they may not be fully paid-up members of the Woodstock generation, they may have been exposed to social experimentation within the encounter sessions, experiential laboratories and T groups of that era.

Pepsi tastes award success_2

Pepsi Cola has picked up the overall 1998 Excellence in Supply Chain Management Award, run by Logistics Europe and KPMG Consulting, in association with Exel Logistics.

Prompt payers get the edge_2

Forest Stewardship Council_2

Business-to-Business Bible_2

Simon Collin John Wiley, £9.99 Rating: 4/5

Damned lies and statistics_2

Marc Day argues that we must learn wider lessons about the need to use research data properly and critically when building business plans

Ethical Trading Initiative_2

Supplier appraisal systems_2

Q: As the only purchasing professional in my company, I have been asked to set up a vendor rating and supplier appraisal system as part of our ISO procedures. Is there any standard format or procedure that I can follow?