Over the last several decades, companies have spent billions to improve their internal efficiencies, automating key business functions such as procurement and human resources and processes like accounts payable.
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These benefits include cost savings, such as from procurement and sourcing efficiencies available to the enlarged group, and substantial new business opportunities.
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Congress is considering several microeconomic reforms, such as streamlining government procurement and environmental licences.
Savings are calculated to come from merging services such as HR and procurement, and reducing duplicate staff.
Although still in its infancy, electronic procurement is also starting to take off, with companies such as Canon and Fuji Xerox shifting their procurement to the Internet.
Procurement or purchasing managers: Well-acquainted with online procurement offerings such as Coupa.
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Manpower is both expensive and a softer target than big procurement programmes, such as Britain's future aircraft-carriers, which are protected by tightly drawn contracts.
In addition to slashing jobs, HP said it hopes to wring cost savings out of areas such as real estate, information technology and procurement.
While these savings are expected to come largely from organizational streamlining, the company will also target areas such as real estate, information technology, product and service procurement costs, overall general and administrative expenses, and a significant reduction of suppliers in order to further lower costs and improve quality.
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While Ms. Choure didn't define what the pact would entail, the Indian government has been asking companies and individuals who bid for various types of government contracts to sign such integrity pacts since 2006, as a way to safeguard public procurement from corruption.
The unanswered question is why Mr Aitken should have taken such a huge risk in denying the Guardian's claim that as minister of defence procurement he had stayed at the hotel as a guest of the Saudi royal family.
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