Marks & Spencer is on target to save £10m from the cost of its supply chain IT systems, according to the company's group finance director Ian Dyson.
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Dyson, who also has responsibility for the retailer's IT systems, made the announcement during a presentation on the company's half-yearly results last week.
The supply chain savings are part of a drive to cut £230m in costs from the business by April 2006.
Marks & Spencer also announced the appointment of a new board director with responsibility for e-commerce. Steven Sharp will work alongside Dyson with responsibility for the retailer's e-commerce, marketing, store design and development.