Sourcing & Procurement News — July, 2008

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Purchasing Managers Urged to Act Now in Order to Cope with Economic Downturn
Chief procurement officers (CPOs) should take a number of steps to cope with the current economic environment, according to a panel of financial and procurement experts. Here are five actions recommended by the group:...
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Strategic Sourcing in EMEA: Delivering Value in Good Times and Bad
The primary challenges faced by procurement and sourcing groups based in the EMEA region-to identify and deliver cost reductions, to improve supplier quality, and to increase enterprise-level visibility into spend, all while mitigating risk and driving innovation-will become increasingly difficult in the second half of 2008 according to a new report published by Aberdeen. Despite a global inflationary storm that is gathering momentum, the report finds that...
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Airline Wants Suppliers to Help It Cut Expenses
Scandinavian Airlines has asked its suppliers to reduce their prices by 10 percent in an effort to cut costs.
Vendors were asked to play their part in helping to turn the company's finances around after it suffered a fall in earnings at the start of the year,...
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C-Suite Begins to See Value of Procurement Management
When Tim King left the CEO's office after a quick meeting in early 2007, he wasn't sure what to think. It certainly wasn't the first time King had met with Andrew Liveris, the well-known CEO of Dow Chemical in Midland, Mich., where King had been working for more than three decades. But it was the first time he was told that...
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TradeStone Software Issues Version 2008 of Application for Merchandise Lifecycle Management
TradeStone Software, a vendor of applications for private label and global sourcing, has released TradeStone Version 2008. The software supports merchandise lifecycle management. The newest version features advanced graphics, visuals and workflow capabilities for retailers and product development managers. It focuses on the merchandise mix, rather than a single product, and offers more...
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GT Nexus, Integration Point Join in Trade and Logistics Offering
GT Nexus has entered into a strategic alliance with Integration Point, Inc. to provide a number of global trade and logistics services, including software offered in a hosted mode. GT Nexus operates a trade and logistics-management portal for buyers, sellers, banks and logistics providers, connecting...
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ThomasNet Issues Free Purchasing Tools in Partnership With Source One
ThomasNet, an online industrial marketplace, has made available free purchasing tools for users, through an exclusive partnership with Source One Management Services, LLC, a procurement service provider. The new capabilities, known as ThomasNet's Purchasing Tools, provide the users of...
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Past Sourcing and Procurement News issues:
April, 2008
February, 2008

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