An American university plans to save $40 million (£24 million) over the next five years through an electronic procurement programme, which is due to commence next month.
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Bradford & Bingley’s (B&B) procurement department has been charged with delivering a large slice of the bank’s annual savings target of £30 million.
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The shortage of skilled purchasing and logistics staff means that more than four out of 10 business are expecting recruitment difficulties in these functions, according to a new survey.
Cross-functional training and an emphasis on strategic thinking has helped US firm Bethlehem Steel Corporation (BSC) to cut its annual procurement spend by £109 million.
Photography giant Kodak has changed water suppliers for its 35-acre Harrow site, making an “inset appointment” with water firm Hartlepool - the first for a large user in the south-east and only the seventh nationwide.
Belgian brewer Interbrew is planning “substantial” procurement job losses and a reduction in suppliers following the takeover of British-based Bass Brewers and Whitbread Beer Company, according to an Interbrew UK spokesman.
Most of Britain’s supply chains, except those within the automotive and pharmaceutical sectors, were well prepared for millennium bug hitches, a supply chain academic has claimed.
The London Borough of Camden is to form of a strategic procurement unit in an effort to tackle a series of problems including adversarial approaches to supplier relations and confusing contracts.
Coffee-producing countries are being urged to produce fewer beans of higher quality to raise prices and counter a glut of coffee on commodity markets.