LEADING FINANCIAL SERVICES INSTITUTION
Group-wide procurement outsourcing programme
- Industry
- Wealth Management
- Service lines
- Strategy & Operating Model, Programme Leadership & Assurance
Challenge
A leading financial institution outsourced its procurement activities to a specialist procurement partner to drive non-personnel cost reduction and strengthen sourcing discipline across major spend categories.
The programme required governance, stakeholder alignment and delivery discipline across multiple spend categories, with a focus on vendor performance and KPI reporting to senior stakeholders including the Group CFO and CTO.
Approach
Led the definition and execution of spend category strategies, advised on the optimisation of the source-to-pay operating model, and managed vendor performance, contract economics and KPI reporting for senior stakeholders.
Outcome
Stronger sourcing discipline, clearer accountability, an optimised operating model and improved confidence in non-personnel cost reduction.
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