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Thursday, August 28, 2008
Spend Management News
T&E spend squeezed as sky-high air fares take toll
The cost of business travel has sky-rocketed to a seven-year high, according to a new study.
Tighter inventory controls have helped US retail giant Gap record a massive leap in profits.
09:26, 22 Aug, 2008
The number of companies offshoring IT R&D (research and development) work to India is to set to soar, a new study has found.
09:31, 21 Aug, 2008
British companies are failing to grasp the opportunities on offer in China by not looking beyond the established centres of Shanghai and Beijing, a new government funded study has found.
13:50, 20 Aug, 2008
Automotive giants BMW and Daimler are planning to adopt an innovative procurement approach in an attempt to cut costs, according to reports.
10:42, 12 Aug, 2008
Oil prices have slumped to their lowest level in three months after a survey by Reuters suggested that supplies had increased for the third month in a row in July.
16:25, 05 Aug, 2008
British Airways is looking to its procurement operation to achieve some much-needed cost savings after the company’s chief executive declared BA was in “the worst trading environment the industry has ever faced.”
10:22, 04 Aug, 2008
Aerospace giant EADS has announced further cost cutting plans as part of package aimed at saving the company a billion euros a year from 2011-12.
17:07, 31 Jul, 2008
Soaring commodity costs are forcing confectionary giant Cadbury to review its costs, the company has said.
17:04, 31 Jul, 2008
Chrysler LLC and General Motors (GM) are set to slash costs in an attempt to boost their flagging fortunes.
08:58, 31 Jul, 2008