Smiths Group boosts divisional buying

25 March 2008
More news

25 March 2008 | Jake Kanter

Technology company Smiths Group is to undertake a structural review in a bid to cut costs and increase efficiency.

Announcing interim figures, Smiths revealed plans including a project to increase procurement collaboration across its three divisions. Currently the medical, engineering and security divisions are run independently. The programme is expected to last two years.

The group confirmed its medical division continues to suffer supply chain problems (Web news, 18 February) due to manufacturing relocations and the implementation of an Enterprise Resource Planning system. It said these factors combined to "adversely affect relationships with major customers".

In the report Philip Bowman, chief executive, said: "In medical, we have initiated a detailed performance improvement programme and its delivery is a key priority."

Smiths reported that pre-tax profits had risen 21 per cent to £165.4 million, but were offset by the weak performance of the medical division.


Swindon, Wiltshire
upto £40K base (+ Paid overtime and corporate benefits)
Honda Manufacturing Ltd
Kew gardens, Richmond upon Thames, London (Greater)
£37,000 - £42,500 per annum pro rata, depending on skills and experience
Kew Royal Botanic Gardens
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates