Thursday, February 15, 2007

Economics of Purchasing

Welcome to NTC Economics
Due to the lengthy time span it takes Governments to produce economic statistics, economists have likened assessing the speed and direction of economic activity to attempting to drive a car by looking out of the rear window. The self appointed task of NTC Economics is to produce economic data enabling rapid and accurate assessment of current economic conditions (akin to looking out of the car windscreen).
NTC Economics is one of the world's largest specialist providers of original economic research and offers a range of unique and highly regarded products on business conditions. Analysts, strategists and economists in investment banking, asset management, central banks, government and the corporate sector are all extensive users of these products.
NTC Economics produces the monthly Purchasing Managers' Index (PMI) series which has become established in financial markets as an authoritative and leading indicator of business conditions. Parallel with this are monthly and quarterly surveys of corporate profitability, productivity, labour market trends, gross domestic product indicators and cyclical indicators of economic activity.The accuracy and reliability of these products is recognized around the world reflecting NTC's research and analytical skills and illustrating its market-leading ability to produce high profile market-moving data. Put simply, NTC data have achieved widespread acceptance because they are better suited to financial decision-making than data produced by Governments.-->




The Purchase Manager's Index
http://www.ntceconomics.com/PMIData.aspx

Introduction

The purchasing cost in any company varies from 60 to 80 per cent of total cost
Even a saving of 2 % will result in substantial gain to the organization









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