Procurement Leaders - the leading procurement magazine
Created by procurementleaders on Jul 21, 2008
Last updated: 10/23/10 at 07:31 PM
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General Motors' has unveiled its first fleet cargo vans that are powered by compressed natural gas (CNG).
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Lloyds Banking Group has announced the appointment of Michael Whitby, purchasing chief of Best Buy Europe as the new group procurement director.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/oQfiGULx7ZE/
UK supermarket ASDA has vowed to move to a new business model of supply chain management which ensures workers supplying its stores are treated "fairly and equally".
http://feedproxy.google.com/~r/procurement-leaders-news/~3/66M_Eb2kIrw/
A two-tiered recovery continued across the Eurozone in February, with widening chasm between the manufacturing and service sectors, researchers reveal.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/fGh4mB5ZfVc/
A US Army contracting official has been charged with bribery and "unlawful salary supplementation" in connection with two schemes to solicit more than $30,000 in bribes from an Egyptian businessman in Kuwait.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/2CFIsKyL9kA/
Several sustainability initiatives underlie Petroplus Bitumen's renewed £30m contract with DHL Supply Chain, according to Supply Chain Digital.
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US food company Tony's Fine Foods has acquired, California-based Columbus Distributing, the perishable foods distribution division of Columbus Foods.
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G&M Oil Company has renewed a deal for delivery of supply chain services to its 167 convenience stores throughout Southern California.
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Data from the HSBC China Manufacturing Purchasing Managers' Index (PMI) shows that the country is enjoying "racing growth", prompting speculation that a rate rise is imminent.
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Although new data from the Office of National Statistics shows that the UK officially moved out of recession during the last quarter of 2009, business leaders remain fearful that the recovery will not be sustained.
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The Eurozone economic recovery is continuing into the new year, but output growth is slowing, new PMI data reveals.
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US-based healthcare firm PSS World Medical has begun rolling out on-demand software to improve responsiveness to disruptions across its global supply chain.
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Japanese automotive giant Toyota has ordered its supply chain partners to deliver "unusually steep price cuts" during the next few years, media reports claim.
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A retired US Army major was yesterday sentenced to 57 months in prison for his role in a bribery scheme related to Department of Defense (DOD) contracts awarded in Kuwait.
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In today's pre-Budget report the government is planning to unveil a new body to manage major infrastructure spend associated with projects such as new train lines and power stations.
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UK rail firm Crossrail Ltd (CRL) has appointed Martin Rowark as its new head of procurement.
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New research reveals that theft from firms by employees is on the increase, and that men rather than women are most likely to be the culprits.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/f37qRNmqCTU/
Fieldglass, a developer of platforms designed to help firms manage workers and services, has unveiled a business intelligence suite.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/p76EgtP_OXE/
A recent clampdown by the UK Office of Fair Trading (OFT) on construction contract tendering has led to widespread revision of bid documents and reissuing of contracts, new research reveals.
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The Pennsylvania auditor general, Jack Wagner, yesterday called for the state's government to reform its process of awarding contracts to private vendors. The demand came after Wagner found the state paid $592m to Deloitte Consulting LLP for computer-related services over a four-year period while also giving it an additional $2.25m in economic-development grants to help it service those same state contracts.
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The process of procurement and project delivery in the UK must evolve to deliver 'clever procurement', James Stewart, chief executive of Partnerships UK has argued.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/-06TSiw1aAo/
The current economic slowdown, damage to reputation and disruption or supply chain failure are the top three risks facing global firms, new research reveals.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/mthWDB8REM4/
Recent moves by the US and EU to impose stricter product standards will not prevent China-based manufacturers from increasing exports to these markets, according to new research.
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The global economy is in recovery, according to purchasing manager indices, with both China and US factory output surging to 16-month and 18-month highs respectively, as well as Germany and France being on the mend.
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The US government’s decision to end its "Cash for Clunkers" vehicle trade-in programme party will result in the auto industry suffering a “painful hangover” as demand for new vehicles plummets. Automotive industry expert Edmunds.com said it expects anticipates a steep decline in sales in coming weeks based an analysis of the “purchase intent” behaviour of its website visitors.
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As evidence emerges of the extent to which businesses have moved to better manage supply risks during the recession, the head of one of the world's largest electronics distributors said that the global supply chain connecting semiconductor companies with hi-tech manufacturers has finally stabilised.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/Am26RRdDl3Y/
Southern African suppliers to US retail giants Gap and Levi Strauss are alleged to be illegally dumping toxic waste in a river as well as unsecured tips where it is hazardous to children.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/8Ub_8BBtIHE/
More than half of British finance and procurement professionals don't know the return on investment of a spend analysis system.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/8PebxpU8K30/
More than 1000 of Europe's leading automotive suppliers are facing bankruptcy, according to a leading lobby group.
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Sales of sustainably produced chocolate are set to treble as Cadbury's new Fairtrade Dairy Milk hits UK shelves.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/QlMQWqM0z14/
In a move which could have huge implications for the entire retail sector, the world's largest retailer Walmart has confirmed plans to put eco-ratings on all of its products.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/hbEHfG4ruOM/
Reports in the western media that the Chinese government was pursuing protectionist trade policies are the result of a misunderstanding, according to Chinese commerce minister Chen Deming.
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Meryl Bushell, the former CPO of BT, and regular contributor to Procurement Leaders, has joined Irish technology company and consultancy, Supplierforce, as a non-executive director.
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Shanghai International Port, the largest port operator by volume in mainland China, is allowing large clients to store its empty containers at the port virtually for free to give the impression that loads are high and business good.
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The world's largest container shipping operator, Maersk, will raise freight rates between Asia and Europe for the second time in as many months, saying that current prices aren't sustainable.
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NHS officials have defended the use of reverse auctions when purchasing care for the elderly and frail, following reports in the press which alleged they were to blame for a fall in standards in palliative or dementia care.
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Shares in Hong Kong's transport-related shares rised on the back of the 13th day of increases in the Baltic Dry Index, a guage of the level of commodity shipping tarifs.
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Procurement no longer has a choice when it comes to focusing on sustainability - it's now a business imperative, according to John Paterson, CPO of technology-giant IBM.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/_pY46C2ZMSo/
Swedish procurement technology company IBX has signed a global BPO agreement with SAP which will see the two technology companies working much closer together to provide source-to-pay and contract management applications.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/jhY-mjuMIcI/
The manufacturing sectors in both India and China rebounded during April and grew for the first time in several months, according to purchasing managers' data.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/yYgR7zNltsQ/
A global flu pandemic would pose a greater threat to global business than the credit crunch, according to a leading risk analyst in the U.S.
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Procurement technology company Emptoris has put its money where its mouth is and guaranteed certain levels of savings and return on investment to clients that adopt its systems.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/kfcklzijwEI/
Assessing the financial risk of their supply base should be the number one priority for CPOs globally – that’s the view of a leading industry figure.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/xrZ5MKCQjQ0/
Less than three weeks after reporting "sharply lower" third quarter earnings, with earnings per share down from $1.26 a year ago to just $0.31, Freight giant FedEx Corp. has responded by carrying out some of the consequent network capacity reductions that it warned of in its March 19th announcement.
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America's $787 billion stimulus package-enshrined in The American Recovery and Reinvestment Act of 2009-has unintentionally introduced new opportunities for fraud, according to global risk consulting company Kroll. And all around the world, it warns, similar measures to right the global economy are just as likely to see fraud and criminal activity in their wake.
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Ford's UK operations are bracing themselves for the possible spread of industrial action after protests continued at the company's former supply arm, Visteon.
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A spate of hijackings off the coast of Somalia has highlighted the problems that many companies face - and is likely to place supply chains under increasing strain as shipping and insurance costs continue to rise.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/tePooxJCLOQ/
The procurement chief of Korean technology giant LG has said he will save $1bn in procurement costs this year.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/9CYETCeZBK4/
Nike has announced that it will pull out of three Chinese and one Vietnamese factories in a move forced by collapsing consumer demand.
http://feedproxy.google.com/~r/procurement-leaders-news/~3/lFlah3tvyrE/
Talks are continuing between Daimler and BMW regarding the introduction of a joint procurement and parts sharing operation, as the German carmaker continues its quest to slash costs.
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