Outsourced corporate research and development services represent an untapped market for companies daunted by advances in technology, a management consultancy has claimed.
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A better understanding of consultant fee structures and improved negotiating skills could save government departments £45 million a year, according to a National Audit Office (NAO) report.
The Post Office is set to make savings of over 7 per cent, around £64 million, of its £1.2 billion procurement budget this year, according to its director of purchasing, Alan Jackson.
Arrideo, the construction trading exchange, still has a future despite last month’s decision to postpone its launch indefinitely amid financial worries, according to Mel Zuydam, its chief financial officer.
The chief executive of the government’s new Small Business Service has called on purchasers in large firms to think local as they search for supply chain efficiencies in a global economy.
Purchasing at the UK’s seven research councils is to be streamlined with the creation of a new joint organisation.
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.