After demonstrating significant success with lean manufacturing, Johnson & Johnson decided to apply lean principles for reducing waste to its supply chain.

On July 25th Lenovo, a Chinese computer firm, announced a deal to sponsor the National Football League. The PC maker has come a long way since 1984, when it was founded by 11 engineers at the Chinese Academy of Sciences who wanted to supplement their meager stipends.

The savings that can be retrieved by automating and rationalizing approval and purchasing processes in small and mid-sized companies are palpable. A 2009 Aberdeen Group study estimated that "improving the percentage of all non-payroll, tax, tariff and fee-related spend" - that is, indirect, nonstrategic expenses - brought under the management of a dedicated group can help enterprises "achieve a 5% to 20% cost savings for each dollar brought under spend management".

How can we tell how small businesses are feeling? Find out how many vans they're buying. Van sales were up 32 percent in July over last year, a greater increase than nearly every other vehicle type, except for sports cars, according to data from Bloomberg Industries.

An effective procurement process begins with having all spend under control, including money spent on logistics and transportation, says Nick Seiersen, president and CEO of Seiersen Enterprise. Overall, such a process should ensure that the right suppliers provide the right products or services on the right terms, he says.

The business consultancy Accenture has agreed to acquire Octagon Research Solutions Inc., a provider of clinical and regulatory information-management services and software to the pharmaceutical industry.

Dell and Intel released findings from the final phase of a multi-year research effort that shows IT consumerization is dependent on an open-minded approach by organizations, and most likely to succeed with specific, pre-defined parameters.

MeadWestvaco, a global packaging solutions provider, has identified a number of new markets in which it sees the potential for profitable growth, says Brian McClure, director of global procurement and supply chain. As the company moves into these new markets, it is faced with a lot of decisions about whether to make or buy goods and services.