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This book makes a powerful case for balancing the new model of co-operative sourcing with the traditional model of competitive sourcing. With the help of a matrix, Laseter distinguishes between four distinctive purchasing approaches:

* Trust based partnerships - high commitment to a co-operative relationship, low commitment to competitive pricing;
Purchasers should be as careful when they buy goods and services from an online marketplace as from a bazaar on holiday, says Sean Hanley


BAe Systems is to become the world’s largest defence contractor after its takeover of Lockheed Martin’s aerospace electronics business was approved.


Most companies think fraud is inevitable and cost it into their budgets, according to a survey of 800 managers by Management Today magazine. But more than 30 per cent believe that if they cracked down on fraud such as expenses, invoice fiddling and making personal phone calls or surfing the internet, they would lose staff.


Chocolate maker Nestlé Rowntree has reassured suppliers it will respond to e-mails on a Friday - despite a ban on staff using internal e-mails on that day. The division of the giant Nestlé group is using its “no-e-mail-Fridays” to see if productivity can be improved by forcing employees into face-to-face communication.
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