Our site uses cookies

I agree Our site saves small pieces of text information, called “cookies” on your device. Find out more in our cookie policy. You can disable the usage of cookies by changing the settings of your browser. By continuing to browse the site you are agreeing to our use of cookies.

CIPS Supply Management Awards 2015: Efficio shortlisted

25 Jun 2015
LONDON - Efficio, the procurement experts, have been shortlisted for two CIPS Supply Management Awards, firstly in the Best Procurement Consultancy Project of the Year category for their work with Thames Water and also in the Best Supplier Relationship Management category for Network Rail.

Managed Services with Thames Water

Efficio’s work with Thames Water began in 2011 when they were chosen to implement their managed services model taking responsibility for all category management including business planning, strategic sourcing, supplier relationship management (SRM) and stakeholder engagement. Over the last 4 years Efficio has delivered substantial cost savings, well above the contractual target which was already 20% above the original TW business plan, with further savings due in 2015-16. This has mitigated the original risk identified by Thames Water management and delivered an ROI in excess of 6:1, comparing incremental costs to benefits signed-off.

'Game changing' procurement strategy with Network Rail

Efficio is also shortlisted for its work with Network Rail to develop a ‘game-changing’ procurement strategy, in order to deliver the significant efficiency targets stipulated by the regulator.  Efficio supported Network Rail in developing and implementing a new strategy which put collaboration and supplier relationship management within the supply chain at its very heart, with a tender process that ensured bidders were engaged up front and evaluated on collaborative values. Efficio also supported Network Rail in shaping and implementing a ten party supply chain hub, underpinned by new technologies including a demand planning tool to enable accurate forecasting of demand for key goods and services across the supply chain, and a cloud-based system which provided both Network Rail and the construction contractors with a defined method for effective cost management.

Being shortlisted in two separate categories for the prestigious CIPS awards reflects both the breadth of work Efficio carries out for our clients, and highlights the strength of the solutions we implement. We look forward to the awards ceremony in September when the finalists will be announced.

Jens Pedersen CEO Efficio

ENDS


For more information please contact:

Lindsay Vetch / Christian Mahne, Vetch Mahne +44 (0) 20 3488 3100 / efficio@vetchmahne.com
Marianne McAlindon, Efficio +44 (0) 20 7550 5677 Marianne.mcalindon@efficioconsulting.com

 Tesco and Carrefour to combine purchasing power
Insight
Tesco and Carrefour to combine purchasing power

French supermarket giant Carrefour and Tesco have announced plans to form a long-term strategic alliance to leverage their joint purchasing power with suppliers.

Three key strategies to deploy in a demerger
Guide
Three key strategies to deploy in a demerger

What is the role of procurement in a demerger? Is it to manage operational risks, reduce costs or both?

Watch out for cosy deals and handshakes
Insight
Watch out for cosy deals and handshakes

Published in Raconteur's Future of Procurement, Ian Bolger is quoted on the importance of balancing personal business relationships and an ethical approach to procurement.

Three ways to take the pain out of contract management
Guide
Three ways to take the pain out of contract management

Why does procurement find it so difficult to successfully manage supplier contracts?