SUCCESS STORY
Establishing cost transparency and supporting ESG
- A major banking institution
Our impact
This job redefined procurement’s relationship and standing with the organisation by providing comprehensive KPIs that support a consistent governance structure.
This in turn supported the bank’s ESG mission by setting standards for Environment, Diversity, Business Ethics, Community and Wellbeing, alongside Information Security, Privacy and Business continuity.
the Business challenge
The newly appointed Head of Procurement had been set an objective of improving cost management. A National Audit Office audit had identified a series of cost management issues and associated development requirements.
Our Approach
Anvil rapidly deployed Spend Analysis to bring clarity to spend management
Within five weeks we had identified optimisation opportunities and acted upon them
We supported the launch of a new Supplier Code of Conduct, to project the bank’s values and standards into the supply base
We established a dashboard of “vital signs” to support the client operation team on a daily basis
This was the most complete and feature rich procurement savings management tool that we’ve found. The solution enabled us to transform the procurement function.