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Planemaker Airbus is close to buying a majority stake in one of its German suppliers, according to Financial Times Deutschland.

A group of German industrial companies are planning to set up a procurement trust to guarantee access to key commodities, according to German monthly Manager Magazin.

Fortune 500 companies are wasting billions of dollars on overspends associated with parcel shipping, a new report claims.

Formula One team Lotus has revealed details of a new programme to upgrade its purchasing and stock management systems.

Have any lessons been learnt from the global economic crisis? Not when it comes to risk management, according to a new study by the Chartered Institute of Internal Auditors, which paints a worrying picture and suggests that many of the mistakes committ…

Experts have warned that companies with significant raw material exposure, particularly manufacturers and those in the process industries, will fail to grow in the short term if they do not master raw material volatility.

PepsiCo has signed a Memorandum of Understanding with the Ministry of Agriculture of the People’s Republic of China to promote “sustainable agriculture projects”.

Two high profile chief procurement officers have left their positions in the past week, as Microsoft, Diageo both reshuffled their packs.

Japanese auto maker Honda has recognised the influence its global procurement strategy is having as it looks to expand its share of Indonesia’s motorcycle market from 46% to 60%.

The US chemical distribution industry has posted “impressive growth” coming out of recession during 2010, according to newly published market estimates.