Big savings promised by procurement overhaul_2
17 August 2012
A major overhaul of purchasing by the newly merged Halifax and Bank of Scotland (HBOS) will help to deliver proposed savings of £305 million over the next three years.
Ian Taylor, head of group procurement at HBOS, said the combined group had created a procurement team from members of each bank. They formally merged on 11 September.
HBOS aims to procure common goods and services strategically across the group. A framework will be in place by the first quarter of 2002.
Taylor said the combined supply base was "...