Conoco Continues Procurement Costs Scrutiny; Names `Global Sourcing' Executive.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Aug. 23, 2000 William "Bill" Nahill has become Conoco's (NYSE NYSE See: New York Stock Exchange :COCA coca (kō`kə), common name for shrubs of the genus Erythroxylum, particularly E. coca, of the family Erythroxylaceae, and found abundantly in upland regions and on mountain slopes of South America, as well as in Australia, India, )(NYSE:COCB) first general manager of global sourcing as part of a continuing effort to add value and significantly reduce the company's procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. costs through strategic sourcing and e-business procurement initiatives. Nahill, previously general manager of strategy and portfolio management for Conoco's global exploration and production business units, joined the company in 1981. He has held numerous management positions in both upstream and downstream, including business development in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and the United Kingdom. He is based in Houston. "This is another step in Conoco's relentless effort to put new technology to work to contain costs and introduce new efficiencies to improve overall effectiveness throughout our global businesses," said Cathy Wining, general manager of Conoco's global materials and services. Since April, Conoco has announced four e-business initiatives, including equity investments in Altra Energy Technologies, a leading provider of electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. systems for natural gas and natural gas liquids, and HoustonStreet Exchange, the first fully Web-based exchange and portal for trading wholesale energy products. Additionally, Conoco has become a charter supplier on the American Petroleum Exchange, an e-commerce-based wholesale refined petroleum products trading exchange; and Conoco is one of 14 founding companies in Trade-Ranger, a global procurement exchange for all goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. related to the integrated oil and gas business. Conoco (NYSE:COCA) (NYSE:COCB) is a major, integrated energy company based in Houston and active in more than 40 countries. http://www.conoco.com |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion