Category: Purchasing
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Romanians’ purchasing power up 18% in 2018 – GfK
[ad_1] The purchasing power of Romanians, measured as the sum of net wages, pensions and other benefits per capita, increased by 18% in 2018 compared to 2017, to EUR 5,083 (from EUR 4,556 in 2017 and EUR 4,181 in 2016), an analysis by GfK, quoted by Ziarul Financiar, shows. However, the regional disparities widened, the same…
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CNPC Backs Out Of Oil Purchases With Venezuela On Sanctions Scare
[ad_1] Russia and China have stuck with Venezuela during its most recent time of need, but at least one of their loyalties may soon come to an end, according to anonymous sources who spoke to Bloomberg on Friday. CPNC’s PetroChina has canceled loading plans in August that would have seen 5 million barrels of Venezuelan…
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Maverick Purchasing Means Slower, More Costly Purchases
[ad_1] Despite the establishment of a formal procurement process, some organizations have staff members who engage in maverick purchasing—the bypassing of standard procedures to procure items individually. Maverick purchasing often occurs because a staff member views the established procurement process as too complicated or a waste of time. According to APQC’s Open Standards Benchmarking in…