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.
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.