Join        Login             Stock Quote

Accenture (ACN) To Operate Procurement Function For Amprion

 November 23, 2012 09:18 AM

(By Balaseshan) Accenture Plc (NYSE: ACN) said it has been selected by Germany's transmission system operator, Amprion Ltd., to help optimize its procurement function and improve its competitive positioning in a rapidly changing market.

Accenture will be responsible for managing the purchase of all goods and services for Amprion, from negotiations with suppliers to the review and settlement of invoices, in order to improve processes and lower total costs.

Accenture will also provide a procurement help desk capability. Terms of the 5-year outsourcing agreement were not disclosed.

Accenture will run and maintain the procurement function from Dortmund and its Delivery Centers in Prague and Bratislava.

[Related -Accenture Plc (ACN): Continuing To Deliver A Growth Story]

Under the European Union's third common energy market directive and the German energy act, Amprion and RWE, which holds a 25.1% share in Amprion, are required to completely unbundle their procurement processes, which until now were shared by the two companies.

"Accenture looks forward to working with Amprion to further optimize its procurement processes. This agreement should enable Amprion to focus more on its core business: the upgrading and operation of its high voltage network," said Andreas Wisser, a senior executive in Accenture's Utilities industry group.

ACN closed Wednesday's regular session up 1.40% at $67.56. The stock has been trading between $51.08 and $71.79 for the past 52 weeks.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

article imageIs The Slump In US Manufacturing Easing?

Yesterday’s November survey data from the Philadelphia Fed hints at the possibility that a stronger trend read on...

article imageMarket Potentially Facing Near Term Technical Headwinds

After the S&P 500 Index pullback on Thursday and Friday last week, the market's advance on Monday and read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.