| Outsourced buying for
a financial services company |
| The UK division of a global financial
services company has over €100m of worth of
spend. Some of this spend (IT and telecoms) is controlled
globally and the rest locally. One procurement manager
is responsible for negotiation and supplier management.
Line staff often independently do their own purchasing.
The client’s operations director wants costs
savings and to release line staff from non-core
activities.
|
| |
| NovoSupply works with
the client to put in an outsourced buying solution.
This ranges from understanding their spend to putting
in formal procurement processes. These processes
have client staff at one end through to our buying
team and back-office support. |
| • |
Spend analysis
– our team collects data, categorises
it and identifies opportunities for sourcing
projects.
|
| • |
Sourcing programme is put in
place for categories which need to be formally
negotiated |
| • |
Procurement help-desk directs
all staff with requirements to the right area
- global contracts, national contracts or
the custom buying team |
| • |
Client receives regular updates
through weekly and monthly reporting of requirements
and supplier activity |
|
| |
| The client gets 16%
savings and releases staff from low value procurement
activities! The national unit achieves its spend
management targets ahead of all units. Other benefits
are: |
| • |
Complete visibility
of all spend
|
| • |
Utilisation of central contracts |
| • |
World-class procurement processes
implemented for all spend |
|
