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Electricity from idle stand-by generating equipment will increasingly fetch a premium price as suppliers seek to escape exposure to volatile prices on the spot market, according to industry experts.
American purchasing managers are increasingly anxious about the impact of the US economic slowdown, but many see it as an opportunity to raise their profile.
Companies launching Internet-based trading exchanges must give a strict assurance that they will not try to influence bidding, or suppliers will refuse to take part, a leading figure in the automotive industry has warned purchasing professionals.
A corporate travel contract has been won through an online auction on automotive e-marketplace Covisint for the first time.
Recently merged energy giant ChevronTexaco aims to cut its annual catering procurement spend by £14 million ($20 million) under a global contract.
Pay rises for purchasing professionals are running at more than double the rate of inflation, according to the latest salary survey from Purcon Consultants.
Consultancies should be more upfront with their clients about where their business interests lie when they enter into contracts, delegates to the annual Management Consultancies Association conference were told.
Freight-dependent supply chains will suffer if improvements proposed by the Strategic Rail Authority (SRA) are not implemented quickly, an industry body has warned.
The company that makes London taxis may extend e-auctions for fuel and office supplies after it saved 10 per cent on steel.