Czech Airlines said that an overhaul of its purchasing processes has saved more than CZK140 million ($5.64 million) and should result in further savings of up to CZK300 million next year. Central to the improved performance has been creation of a Central Procurement Dept. and adoption of new purchasing rules, the "unambiguous definition of tender subjects, aggressive price negotiations, and the application of modern purchasing methods, for example electronic auctions." Additionally, the ...

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