Poor procurement practices by the World Bank and other institutions running development projects are wasting millions that could be channeled into debt relief for third world countries, according to a purchasing expert.

Construction and project management company Bovis Lend Lease has reduced its local supply base in favour of a more global supply chain.

This Harvard Business School book offers a new and useful way of thinking about strategy in a world economy that is rapidly integrating. The nature of globalisation is often volatile and uncertain, and the authors suggest what it will take to overcome these problems and succeed in markets and industries that are fundamentally changing and evolving.

Ariba's position in the e-procurement software market has been dealt a new blow following the surprise departure of chief executive Larry Mueller after less than three months in the job.

Mueller resigned after a board meeting a day ahead of the group's