Thor Olsen


Thor Olsen - Efficio Consulting
Thor joined Efficio in 2011 and has since combined procurement, analytical and relationship skills to execute business strategy and deliver benefits from strategic sourcing, vendor management, and internal process improvements. 

Main areas of practice

Thor has extensive experience in strategic sourcing, vendor management, and internal process improvements through working on a number of projects across the Nordics, United Kingdom, and Canada.


Thor holds a Master of Science in International business and a Bachelor of Science in Economics and Business Administration from NHH (the Norwegian School of Economics) in Bergen, Norway.

Thor is a Norwegian national, and speaks Norwegian and English.


Thor focuses on clients within Financial Services, Infrastructure and Retail sectors executing business strategy and delivering benefits in cost transformation projects.

Significant experience

  • Claims cost optimisation – Canadian insurer: Developed and implemented a new total-cost claims sourcing approach, including establishing new performance benchmarks and best practise identifying market innovators and leading performers, internal process optimisation, and roll-out enhanced decision-making tools and processes for vendor management and operations
  • Procurement and Commercial Services – Infrastructure company: Implemented new programme procurement approach and negotiated delivery of £300m multi-year infrastructure renewal portfolio
  • Procurement transformation – Financial Services company: Delivered significant savings from strategic sourcing and demand management as part of a Private Equity turn-around
  • Strategic sourcing and internal process optimisation – Nordic Retail conglomerate: Defined strategy and introduced new approach towards strategic sourcing of capital projects, and challenged current demand and developed new internal processes for use property services


Get in touch


Sports have always been an important part of Thor’s life, and he grew up trying everything from target shooting to ice hockey before he discovered his passion for road cycling. Thor enjoys being on the move, and combines travelling to new places with his passions and interests – whether nurturing his love for food and wine in Italy, fuelling his newfound interest for American football when in the U.S., or experiencing new cultures and taking a relaxing ‘time out’ when in the Far East.