Controlling Supplies and Sourcing Moves to the Fore

Grebb, Michael
December 2004
Bank Technology News;Dec2004, Vol. 17 Issue 12, p42
Trade Publication
The article focuses on a new procurement technology. Banks must be vigilant in choosing vendors, monitoring spending and factoring business-disruption costs when using technology to improve procurement systems. But banks, which have tiptoed into new proeuremcnt technologies in recent years, are looking to accelerate efforts as global competition continues to squeeze margins. With banks and other industries refocusing on procurement as a way to cut costs and boost profits, experts are ramping up their own efforts to sell advice to eager executives.


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