Anyone reading the comments of Ben Bernanke, Chairman of the US Federal Reserve, speaking this week on the current economic situation will be crystal clear on the uncertainty that is filling the market. And if they work in procurement, they will also know just how difficult that can make forecasting demand and supply.
30 July 2010
Marathon Oil Company has announced that Michael Tweedy will join the company as its chief procurement officer in late August.
Publishing company Reed Elsevier has reported that it has reined in increases in its underlying costs to 1% over the last six months by a programme of efficiency measures including procurement renegotiations.