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During the past year, in an effort to increase shareholder value, the likes of Abbot and Pfizer have split or sold off divisions. In February, Sir Andrew Witty of GSK announced cost cuts of £1 billion by 2016. Such slash and burn tactics, however, can be avoided by using advanced procurement strategies whilst retaining valuable assets within the business.

With subjects such as horsemeat, counterfeit drugs and invoice fraud making headlines recently, security is a hot topic in supply chain. We’ll be posting coverage of this important area in the coming weeks and to kick us off we’re pleased to have a contribution from Gary Hibberd of security experts Agenci.

Whilst the NHS adjusts to some of the most pressing changes on the healthcare system since it was conceived in 1948 the challenge remains that the NHS still has to address the cost of delivering front line services on a shrinking balance sheet.

In the hot seat this time is Thomas Mullen, Support Administrator at Science Warehouse.

We are delighted to welcome a guest post from Michael Bennett, Category Leader at Infineum UK Ltd. In this article Michael highlights where Procurement is heading in an increasingly changing world.