11th November 2008
Leading procurement solutions company, 4C Associates, have been appointed to provide Prudential UK with an outsourced procurement service for their indirect spend.
This will mean that 4C’s team will be responsible for managing a significant amount of Prudential’s indirect costs across HR services, Property, Professional services, Marketing and Travel.
By bringing in 4C as third party experts and allowing the Strategic Sourcing function at Prudential to concentrate resources on managing the core categories, they are able to drive further savings from their non core categories.
Under the agreement with Prudential, 4C’s outsourced team will provide a range of services, which include strategic sourcing, category management, spend analysis, compliance reporting and ongoing contract management.
“We are delighted with this win as it now completes our industry coverage to include Financial Services in addition to our existing clients in the Oil & Gas, Industrial, Telecoms, Consumer goods and Retail sectors.” said Andrew Loken, Managing Partner of 4C’s Outsourced Procurement Services.
“The appointment of 4C as our procurement partner will add greater value to my team’s proposition in Prudential UK ensuring that Strategic Sourcing is best placed to support the ongoing development of our business.” said Duncan Mosely, Strategic Sourcing Director, Prudential.
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