Author Archives: Procurement Leaders Latest News RSS Feed

Amid the financial crisis unfolding on an almost daily basis in Europe it went almost un-noticed, but on Friday India’s finance minister announced that the country was anticipating economic growth of over 7.5%.

Cocoa has hit its lowest level since December 2008 on the back of the sovereign debt crisis in Europe and increased supplies from West Africa according to commodity analysts familiar with the industry.

The Medical University Hospital Authority (MUHA) in Charleston, South Carolina has disclosed details of a programme to help automate its purchasing and accounts payable processes, increase visibility into spend and improve contract compliance.

UPS has reached an agreement to purchase Italy-based pharma logistics company Pieffe Group (Pieffe Depositi; Pieffe Nord).

Procurement staff in the UK finance sector are being rewarded far better than most others in the sector relative to their salaries.

Plans to open up the India retail market to greater foreign investment have been put on hold by the Indian government, according to Reuters.

The continuing trend to outsource key services to cloud-based third party providers is radically disrupting established IT procurement practices, according to new research.

Companies “urgently” need to develop infrastructure, governance, and analytical capabilities to manage their exposure to volatile commodity prices better, experts have warned.

Japanese car manufacturer Toyota has announced its first engine procurement deal with a competitor, after signing a deal with BMW for a supply of diesel engines.

Falling consumption and a record crop will see cotton prices fall significantly next year according to analysts of the cotton market as stockpiles reach their biggest since 2005.