CITY OF LONDON CORPORATION
Nearing the end of its ambitious 2015-2018 procurement strategy , City of London Corporation is cutting through the noise with best in class procurement practices
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T he City of London Corporation may be over 800 years old but it has developed an innovative procurement strategy that is firmly rooted in today ’ s business world .
City Procurement plays a vital role in how the City of London Corporation buys and pays for the goods , works and services that it needs . Recognising this , it has embarked on an ambitious 2015-2018 procurement strategy and , with delivered efficiency savings of £ 23.4m since 2015 alone , it seems it has been a roaring success .
Through this strategy , City Procurement has helped to close the organisation ’ s budget gap and protect frontline services , all whilst leaving a positive footprint in London communities and beyond .
Around two years ago , Christopher Bell became the City of London Corporation ’ s first Commercial Director , signalling the changing requirements within procurement and commercial activities . Since then , he has been named CIPS procurement and supply chain management professional of the year , and his team has helped to generate over £ 23mn in savings for the organisation .
“ The award is in recognition of the hard work the whole team has put into this strategy with the support of the organisation to change things here at the City of London Corporation ,” comments Bell . “ Procurement , commercial activities and working in partnership with suppliers are fundamental to any business and I think it ' s fair to say that ,
AUGUST 2018