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Article: Andrew Smith announces GBP100 million savings from e-procurement transactions.
- Article from:
- M2 Presswire
- Article date:
- July 23, 2001
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M2 PRESSWIRE-23 July 2001-UK Government: Andrew Smith announces GBP100 million savings from e-procurement transactions (C)1994-2001 M2 COMMUNICATIONS LTD
RDATE:23072001
Estimated savings of GBP100million have been realised as a result of central Government applying electronic techniques to the processing and payment of procurement goods and services, Andrew Smith, Chief Secretary to the Treasury announced today.
The savings have been secured following the switch to electronic methods used in raising process orders through telephone, fax and e-mail, and through invoices paid through BACS system and the Government's own procurement card.
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