Friday, November 21, 2008
Latest Procurement News
SPONSORED LINKS
- Generating significant value for supply-chain partners by analysing and optimizing supplier's cost structure
- Moving up the value chain
- High performance in procurement
RELATED NEWS
- Procurement negotiations move up a gear
13 Nov 08 - Car giants steering towards joint procurement deal, magazine reports
23 Oct 08 - Slump forces procurement re-think as wheels grind to a halt
22 Oct 08 - New procurement partnership delivering the goods at Telstra
21 Oct 08 - Procurement key for AkzoNobel
16 Oct 08 - GM and Chrysler in merger talks, reports claim
13 Oct 08
RELATED ARTICLES
- Opinion: Let the cull begin
- Back to black
- Procurement no longer making up the numbers
- Procurement in credit as crunch continues to bite
- EA Sports centralizes marketing spend
- Deutsche Post World Net finds best fit to deliver procurement excellence
KNOWLEDGE MANAGEMENT TAGS
"Value Creation"
Financial downturn empowering procurement
The continuing turmoil in the financial markets means that procurement’s voice is being heard louder than ever – that’s the view of the procurement chief at one of the UK’s largest banks.
Lloyds TSB launched a £12.2 billion takeover of HBOS after the stricken lender’s share price plummeted over fears of its exposure to the downturn in the UK’s residential and commercial property market.
And although the move has caused controversy in the City, Caroline Booth, chief procurement director at Lloyds TSB, believes that the momentous events of the past ten days have left procurement in an enviable position.
“The last couple of weeks have been a real roller-coaster,” she told Procurement Leaders.
“I think the economic uncertainty is making people look at costs as well as top line growth and it means the business is keener to listen to the kind of ideas that maybe they wouldn’t have in the past.
“Procurement has delivered some really tangible benefits and the business is very keen to talk to us.”
= Online Global Members Only 
= Premier Members Only
