When oil giants BP and Amoco merged last August, they predicted annual procurement savings of $250 million by 2001. Six months later, BP Amoco’s new supply chain strategy means that it will exceed this prediction.
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The Greater London Authority (GLA) is to rethink how it negotiates special events contracts after the cancellation of its New Year’s Eve fireworks display.
Procurement jobs could be among the hundreds being considered for cuts at defence and aerospace giant BAE Systems after financial penalties incurred from the late running of a Ministry of Defence contract wiped out the deal’s profits.
Ariba’s strategic alliance with supply chain planning specialist i2 Technologies appears to have effectively broken down.
The budget left corporate procurement directors with little hope that the government will ease the burden of the impending climate change levy.
Only 37 per cent of suppliers have an e-business strategy, according to the Department of Trade and Industry.
12 June 2002
London
London
Purchasers’ salaries are continuing to rise, with assistant buyers averaging a 13.4 per cent increase, according to the latest survey from Purcon.
Chief executives who initiate e-business strategies must address the threats as well as the opportunities, according to new guidelines from BuyIT, the government-backed e-procurement best practice network.