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New research reveals that, although procurement technology adoption and use is playing a big role in winning corporate cultural acceptance, few procurement professionals believe their organisations fully use the available technology.

The US Food and Drug Administration has said it needs more regulatory powers so that it can place the onus on industry to tighten pharmaceutical supply chain security.

The importance of green supply chains in influencing purchasing practices is “highly overrated”, a new survey has claimed.

Chrysler Group has reported that it is “as committed as ever” to maximising its supplier diversity.

Several auto manufacturers in North America have slowed output due to floods at the plant of a supplier of carpets and floormats.

The Timberland Company has launched a programme to automate all wholesale, retail and direct-to-consumer fulfilment activities in its new European Distribution Centre which is under construction in Almelo, the Netherlands.

The Organization of the Petroleum Exporting Countries (OPEC) boosted its crude output by 130,000 barrels per day (b/d) in August to pump an average 30.13 million b/d throughout the month, market experts estimate.

Nearly all buyers currently outsourcing real estate and facilities management (REFM) activities expect to maintain or increase outsourcing usage in the short to medium term, according to new research.

Novartis, Europe’s second largest pharmaceutical group by sales, has raised its sales and cost-savings forecasts for its Alcon eyecare unit, acquired in a $51bn deal which closed earlier this year.

Japanese consumer electronics giant Panasonic has said that it plans to increase the amount of parts it buys from outside Japan to help cut procurement costs by $6.5bn.