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Toby MunyardVice President

Toby has over 20 years' of experience in operations consulting with a focus on procurement and supply chain optimisation. At Efficio, Toby is responsible for leading the Financial services and Infrastructure sectors, supporting our clients to deliver significant value to the bottom line of their business. 

Main areas of practice

Toby works with clients across all aspects of procurement from Sourcing Delivery, Supplier Relationship Management and Value Delivery through to people development, coaching and organisational improvement.


Toby has a BSc in Business Studies with Statistics from the University of Hertfordshire. Prior to joining Efficio, Toby worked with PwC for four years and held a number of commercial buying roles for UK and international retailers including Tesco and Whittard of Chelsea.

Toby is a native English speaker and also possesses conversational French.


In recent years, Toby has worked extensively with global Financial Services companies and Utilities and Infrastructure companies, helping transform their ability to capture value from procurement.

Significant experience

  • Procurement Transformation – global bank: Delivered a step change in procurement which contributed a significant amount towards a global cost reduction programme
  • Procurement Programme – global insurance company: Responsible for a programme to identify and deliver sourcing and cost reduction across a number of indirect spend areas in the UK and Ireland as well as delivering cost optimisation in their claims and indemnity spend
  • Local Content Development – Middle Eastern government: Advised a central government body on the tools and instruments that could be introduced to support the aim of increasing the level of local content within their key industries
  • Procurement  and Commercial Services rail network: Working with Network Rail across a number of areas in Track, Signalling, CP5 Central Programme, Footbridges and Contingent Labour, the programme included Sourcing, Supplier Management, pre and post Contract Management, cost auditing and training of NR teams in commercial and procurement teams
  • Managed Procurement Service – water: a five year Managed Procurement Service contract focused on sourcing of all spend, both direct and indirect, for a UK water utility company
  • Procurement Transformation – waste services: Working across all Opex and Capex categories across a waste management company ranging from energy production through to indirect materials.  The programme included procurement training and skills development
  • Procurement Transformation – UK financial services: Client and consulting teams were managed through a wave of Strategic Sourcing work focused on delivering £100m savings. The programme included coaching of purchasing teams and the development of processes to transform the overall Procurement operation

Other experience

Toby leads the Efficio CPO Club, a networking group of leading procurement executives who share insight and learnings from their industries.

Procurement future is collaborative, say bank leaders

Joe Bakowski, Head of Procurement at Metro Bank, and Michael Whitby, CPO at Lloyds Bank, believe firms must join forces to drive more efficient ways of operating.

Four procurement opportunities ahead in 2017

Toby Munyard, vice president at Efficio, talks about the challenges and opportunities ahead for procurement in 2017.

Why Trump should change your mind about supply chains

Toby Munyard discusses how business leaders must map and forecast their supply chain and procurement plans in an uncertain political and economic environment.

Brexit: Creating opportunity out of uncertainty

Following the EU referendum vote, big changes loom on the horizon. CPOs should embrace the catalyst that is Brexit to gain clear visibility of their supply chain.

Financial services procurement is not just about cost

Fuller and earlier supply chain management is vital to moving Procurement beyond mere cost reduction and towards greater customer and business engagement

Lloyds Banking Group’s cost reduction journey

The bank’s Sourcing leader explains how Lloyds shifted its focus towards speed and innovation, but why cost will always remain a key factor.

How RBS’s Procurement function improved costs and value

The bank explains how it shifted its sourcing and procurement focus towards value and innovation.