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.
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.