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The New Electricity Trading Arrangements (Neta) have entered the final testing stage and are on target for the planned launch date of 27 March, according to energy regulator Ofgem. The final stage includes a full simulation of Neta systems involving key participants and real data.
“Horrific” maverick spending of up to 35 per cent on its annual £2 billion of transactions has been a major driving force for implementing e-procurement at Consignia, according to the company’s supplier development director, Peter Stevens.
Online purchasing and supply chain management recruitment portal Buyer e-Recruitment is to expand with the purchase of the rights to the recruitment division of AWK Consultants.
A rift between Germany and its seven partners for a joint military transport aircraft has caused a delay in signing the final contract. Germany is seeking a 5 per cent cut in its negotiated price for 73 of the 196 planes to be built by Airbus. Germany is set to take the largest number of A400M planes, each costing £50 million.
Burns e-Commerce Solutions has launched a service to manage payments to suppliers. Customers using the beX Remittance Advice Delivery Service outsource invoice processing to Burns, which handles payment electronically. www.burnsecs.com
Suppliers of US National Basketball Association jerseys have been warned of allegedly poor conditions in the El Salvador factories that produce them. A US national labour committee investigation has found that labourers are earning just 20 pence for a £97 shirt. It also claims they are subject to forced overtime and dangerous working conditions.
Rolls-Royce is to supply four Mermaid propulsion systems among other items for cruise operator Cunard Lines’ new luxury liner, Queen Mary 2. The vehicle equipment group is also to provide airline operator South African Airlink with spare engines, ground support equipment, logistics handling and technical support.