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Tuesday, March 16, 2010

Spend Management News

 

Packaging firm wraps up spend management project

Packaging firm wraps up spend management project

Rexam, a consumer packaging company, has completed a spend management project designed to consolidate more than 20 different systems housing data across its global operations.

UK wasting 'hundreds of millions' on defence procurement

The UK Ministry of Defence (MoD) stands accused of wasting "hundreds of millions of pounds" annually on equipment procurement, a newly published Whitehall report reveals.

08:50, 05 Mar, 2010

RailCorp on track to 'transform' procurement processes

New Zealand agency Rail Corporation New South Wales (RailCorp) has revealed how the merger of the State Rail Authority and the Rail Infrastructure Corporation prompted it to "transform" its procurement capabilities.

09:15, 25 Feb, 2010

Banks force UK firms to find finance on credit cards

The UK Institute of Directors (IoD) reveals that almost two-thirds of UK firms seeking loans in the financial year 2009/10 were rejected by their bank, forcing around 20 per cent to finance their businesses with Credit Cards.

09:35, 17 Feb, 2010

Analysis: Services spend an antidote to continued economic gloom

In a few short weeks, the economic prognosis has changed: a U-shaped economic recovery from recession now seems rather less likely. And as firms once more focus on cost reduction in order to maintain profitability -- or stem losses -- the spotlight is shining on the opportunity offered by the improved procurement of services.

09:25, 16 Feb, 2010

IT procurement budgets set to 'soar' in EMEA

While many industries continue to struggle, procurement budgets for IT equipment and services across Europe, the Middle East and Africa are set to "surge" this year, a new survey claims.

08:50, 16 Feb, 2010

US consumer spending slides

US consumer spending slipped last month, according to new research. The Deloitte Consumer Spending Index ticked downward for the second month in a row, a decline which it primarily attributes to a slowdown in real wage growth.

09:29, 15 Feb, 2010

Crown streamlines corporate spending down under

Two of Australia's leading entertainment venues - Crown Melbourne and Burswood Perth - have embarked on an initiative to optimise procurement and streamline corporate spending.

09:46, 12 Feb, 2010

American consumers tighten belts after spending spree

The recent holiday season showed some hope for a resurgence in the US retail sector, but it appears consumers are now "back in the doldrums and not willing to spend their way out of the recession", according to new Consumer Reports Index research.

09:16, 11 Feb, 2010

'Black hole' widening in global defence budgets

Industry experts have warned that many governments the world over are suffering from "black holes" in their defence budgets.

09:25, 08 Feb, 2010

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