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The Ministry of Defence has invited two international consortia led by Lockheed Martin and BAE Dynamics to compete for a contract worth more than £300 million for a “fire-and-forget” anti-armour guided missile system. Proposals are due in by early next year.


Retailer John Lewis and computer seller Tempo have asked the Office of Fair Trading to issue an injunction against computer manufacturer Packard Bell after it announced plans to stop supplying them.


The Ministry of Defence could do more to reduce the risk of fraud by tightening up its property management contracts, the National Audit Office has said.
The recent NAPM conference showed that buyers in the US focus mainly on manufacturing, says David Hewitt


Business-to-business software provider PeopleSoft has acquired a wide range of catalogue management and content integration software from Cohera. The solution enables purchasers and merchants to create and manage catalogues. www.peoplesoft.com
Talk of effective partnering is just that - power is far more likely to define buyer-supplier relations, says John Ramsay


Computer giant IBM is to create 2,000 jobs in the British consultancy division over the next two years. The move is part of IBM’s strategy to change its image as a hardware company and promote its consultancy division, which accounts for more than 50 per cent of business.


General Domestic Appliances, the UK venture between Marconi and US-based GE Appliances, is to move all its suppliers into online auctions if they wish to have new business with GDA.


Japanese car manufacturer Toyota is to cut costs by 30 per cent on the development, production and marketing of its models to defend its market share in view of a predicted slowdown in the car market. The firm is also reforming its purchasing systems because of the weakness of the euro against the yen and sterling, and plans to source parts from the continent.


The automotive industry is lagging behind other sectors in making use of e-commerce, according to accounting and consultancy firm KPMG.
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