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Purchasing - June 20, 2002

Features
Strategic sourcing saves $7M for Principal Financial Group

By negotiating an agreement with a new telecom supplier, the strategic sourcing operation at The Principal Financial Group reduced its voice services costs by more than $7 million. Voice services is one of the company's more critical buys. Headquartered in Des Moines, Iowa, The Principal Financial Group provides its customers globally with financial products and services—retirement and in...



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