RBS targets further procurement savings_2
17 August 2012
Royal Bank of Scotland (RBS) is targeting more areas of purchasing for savings as it continues to reduce its £2 billion procurement budget.
A major review of purchasing in the wake of RBS’s takeover of NatWest last year has netted substantial savings, including a 40 per cent cut on lift maintenance, Ed Smith, group purchasing operations director, told SM. Areas under scrutiny now include media services, stationery, information technology, security, cheque-book production and building services.
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