Standard Life seeks more auctions after paper cuts
28 August 2012
Asset management company Standard Life is considering more e-auctions after its first attempt saved 20 per cent on stationery and computer consumables.
Chris Kirk, supplier manager for Standard Life, said savings on the annual £1.2 million budget "exceeded" expectations.
"By the time we got to auction we had shaved off £150,000 through process, consolidation and specification reviews and from that point we took 20 per cent savings again," he said.
"We are confident that in the right circumstances reverse...