Background

A UK financial organisation decided that it was time to set up a procurement department to manage their extensive spend. Obviously, a vast majority of business units were doing their own purchasing. The client needed skilful experts who could design the organisation’s future moves and, more importantly, they needed a team to start the function successfully, focusing on what really mattered to the business.

Action

We designed and created the mission statement based on the business expectations, designed and recruited the full procurement team, designed and implemented the purchasing policy, kick started the first year projects. At the end of these projects, the client had a fully functioning team able to maintain day to day procurement and to develop a multi-year strategy in finance sector.   Enabling Procurement was very rapidly immersed in the client’s organisation and worked upstream to define, alongside with the directors, new engagement rules to answer the organisation’s needs. The team also focused on creating real impulse within the organisation by designing a league table which generated positive motivation.

Outcome

After 12 months, the business had embraced the change and was working well alongside the purchasing team.65% of the spend was covered, including traditionally out-of-bounds areas such as trading floor data. In the first year, the team had saved £1.6M, from a standing start

Metrics

£65M spend, 65% coverage in 12 months, 12 months, £1.6M savings