buyingTeam Signs Long-Term Procurement Outsourcing Contract UK deal with energy provider BG Group could expand to global basis By Editorial Staff
London—July 6, 2011—buyingTeam, a large European procurement outsourcing specialist, announces it has signed a long-term procurement outsourcing contract with global energy provider BG Group.
This new relationship marks the beginning of buyingTeam managing BG’s indirect expenditure in the UK with potential roll-out on a global basis during the lifetime of the contract.
BG Group has engaged buyingTeam to assist in evolving its procurement approach and embedding a global indirect procurement strategy. buyingTeam will provide BG Group with a full suite of procurement services, including, spend and market analysis, strategic and tactical sourcing, together with associated contract and stakeholder management.
The role of procurement as a key management discipline continues to grow and is fast becoming a central part of executive decision making. Leading companies increasingly value procurement’s ability to go beyond its traditional focus on a client’s supply base and positively influence internal attitudes towards purchasing and apply greater commercial emphasis on its working practices more generally. This change in approach is core to buyingTeam’s model.