[Skip to content]

Text Size: A / A / A

IFPSM MEMBER ASSOCIATIONS

.

May 2009

NEWS

Value of procurement outsourcing deals falls 41 per centFewer major procurement outsourcing (PO) deals were agreed last year, as buyers switched away from new contracts in favour of extending existing ones.
Pirates cause tenfold rise in insuranceThe cost of insurance premiums for kidnap and ransom (K&R) policies has increased tenfold over the past six months because of increased pirate attacks, according to insurance broker Aon.
Collaboration increases to fight recessionMore companies around the globe are turning to collaborative buying to cut costs and cushion themselves against the economic downturn.
Green boost for Canadian procurementMore than 25 senior executives from some of Canada's most well-known organisations have formed a working group to boost green buying and job creation.
Top firms could save on indirectsThe worlds largest companies could each save around $74 million on one-off indirect items.
Financial turmoil hits value of outsourcingBuyers should review their outsourcing location strategy in light of the recent financial turmoil, according to consultancy Alsbridge.

FEATURES

Tighter spending plans by governments worldwideGovernments around the globe are reducing their procurement spend as public budgets tighten and new priorities emerge in the downturn.
CPOs struggle with supply chain risk and savings targetsCPOs in Europe and the US are failing to fight supply chain risks during the global economic downturn, according to research carried out on behalf of e-procurement firm BravoSolution.

Page Comments