A.T. Kearney Spokesperson on November Corporate Purchasing Data.NEW YORK--(BUSINESS WIRE)--Dec. 1, 1999-- MEDIA ALERT A.T. Kearney Spokesperson on November Corporate Purchasing Data October's corporate purchasing numbers showed prices continuing to rise while delivery times slow down and November's are not expected to show any major departure from this trend. Tom Slaight of A.T. Kearney predicts that companies will still need to readjust re·ad·just tr.v. re·ad·just·ed, re·ad·just·ing, re·ad·justs To adjust or arrange again. re their purchasing strategies to speed up the supplier chain. A.T. Kearney just completed the most comprehensive study to-date on worldwide corporate buying trends, which involved interviews with 162 multinational companies. He can provide an analysis of the November data as well as talk about how some of the largest companies in the world are already changing their purchasing strategies to meet supplier issues head-on. Key findings include: - Companies will cut both internal purchasing staff and suppliers used by 25% by 2002. - Outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. of average, daily purchasing activities will increase to 37%, a twofold jump, by 2001. - One-third of corporations will use online buying auctions to do purchasing by 2001, double today's number. - Suppliers are increasingly expected to drive innovation and support their customer's marketing efforts, not just reduce costs. - 25% or $400 billion of all company purchases will be made over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the by 2002, compared with 2% today. - 76% of CEOs expect purchasing strategy to contribute to shareholder value. About A.T. Kearney: A.T. Kearney is one of the world's largest and fastest-growing management consulting firms List of Management Consulting Firms 1. McKinsey & Company 2. Marakon Associates 3. Boston Consulting Group (BCG) 4. A.T. Kearney 5. Booz Allen Hamilton (BAH) 6. Monitor Group 7. Bain & Company 8. Roland Berger , generating annual revenues in excess of US $1 billion. With a global presence that spans every major and emerging market, A.T. Kearney provides strategic, operational and information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. and executive search services to the world's leading companies. A.T. Kearney (www.atkearney.com) is owned by information services See Information Systems. leader EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. . Please contact Kim Miller at 212/419-4201 or kmiller@dewerogerson.com or Jeff Wolf at 312/372-0771 or jwolf@citigatedr-chi.com to arrange interviews or need further information. |
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