This document exposes the flaws in traditional approaches to the procurement of essential business services within organisations throughout the UK. It explains the theory behind the Total Cost of Purchase approach to procurement, and demonstrates how this new model enables organisations to take into account a wide array of issues beyond the ‘headline’ cost of the services they rely on.

This document will argue that taking the Total Cost of Purchase into account will help organisations of all sizes, across both the public and private sectors, to lower their cost of doing business. In addition, adopting the Total Cost of Purchase model will enable these organisations to minimise their financial exposure to an increasingly volatile marketplace.

Finally, this document will argue that it is only by adopting the truly holistic Total Cost of Purchase model to essential business costs that sustainability can be achieved. This sustainability comes in two forms. On a purely financial level, it means being able to make ongoing incremental savings over time, freeing up funds for further investment in core business activities. And on an ecological level, it means using resources efficiently to avoid unnecessary waste and environmental damage.

Read the full e-book Total Cost of Purchase whitepaper here……

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Pressure is mounting on energy suppliers to cut retail gas prices following a steep decline in wholesale prices this year amid weakened demand.

Gas for immediate delivery dropped below 33p per therm on Wednesday, less than half its peak of 74p last September, having declined rapidly this month as the weather turned warmer.

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Your 1 Minute Cost Check

12 Questions you should be asking yourself to ensure you are maximising your profitability

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Nortel Networks, the Canadian telecoms equipment maker, filed for bankruptcy protection on Wednesday, becoming the sector’s first big victim of the global economic downturn.

Read the full FT Article here…..