MÁV introduces electronic purchasing system
State-owned railway company MÁV is introducing an electronic system for purchases that do not exceed the threshold requiring a public procurement procedure, services director Zoltán Werle told journalists on Wednesday.
The system is expected to reduce paperwork related to the purchases by 85% and cut the time required by 30%, Werle said.
MÁV's purchases that do not require a public procurement procedure -- those under HUF 500,000 -- add up to about HUF 20 billion a year.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.