EFIS 2014: Tighten Inventory Controls, Seek New Sources to Combat Cost Pressures, Says User Panel

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"The message from the business is to keep the budget low, but if the business wants something, it will find the money," said Meg Dillon, market data procurement manager at BNP Paribas. In fact, the demand created by the business "wanting" something new often provides the impetus for firms to move budget around, get more out of existing suppliers, and introduce ongoing vendor assessments to reduce costs, said Gary Pringle, vice president at JP Morgan.

In fact, some business users are being

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