4C Procurement outsourcing achieves 80% growth In 2008

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January 2009
4C Outsourced Procurement Services (4CO) has achieved 80% growth in 2008 with recent client wins including Cadbury, Prudential, O2 and a number of new client wins in the pipeline for announcement in the first quarter of 2009.

Procurement outsourcing has captured the attention of the corporate world because of its ability to deliver a dual impact in the form of cost reduction and value creation – two factors which are highly desirable in the current economic climate. By virtue of the quick pay-back period associated with procurement outsourcing, the value proposition for these initiatives is very compelling to prospective clients.

With over £1.5bn of outsourced spend under management and broad industry coverage that includes Financial Services, Oil & Gas, Industrial, Telecoms, Marketing Services, Consumer Goods and the Retail sector, 4C Outsourced Procurement Services is well poised to take advantage of this growing trend and to provide an un-paralleled procurement outsourcing solution to its clients.

Andrew Loken, Managing Partner of 4C Outsourced Procurement Services says: “Given the current climate, this is great news for us and confirms our belief that we really are very well placed as one of the leading players in this fast growing market – and sets us up for a successful and busy 2009!”

As a result of the unprecedented growth in 4CO, the 4C Group Board has recently undertaken a strategic review and made the decision to consolidate and realign business resources towards consultancy and outsourcing in order to support the company’s future growth plans for 2009 and beyond.

Johan Denekamp, Group CEO of 4C Associates adds: “During 2008 the 4C Group invested in a number of strategic initiatives designed to increase the company’s capacity to exploit the European and global procurement transformation opportunities and become a world class procurement solutions company.

We have streamlined our business to create a scalable company that focuses on our client centric vision and provides growth opportunities within procurement solutions through our core services of Consultancy (4CC) and Outsourced Procurement Services (4CO).

4C has enjoyed a really successful year and is now the most awarded company in its sector with five CIPS awards won in as many years in partnership with its clients.”

If you have any media queries, please contact Petra Urhofer :
+44 (0)20 7605 1619

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