VANQUIS BANKING GROUP
CREDIT : GETTY and standardising the processes and procedures of the different procurement departments . He brought them together into one singular department , bringing major efficiency and cost savings . By 2023 all thirdparty spend was under one roof and Steven has been promoted once more : to Vanquis Banking Group ’ s Head of Procurement and Supplier Governance .
Procurement ’ s role in large-scale transformation Procurement has played a critical role in the large-scale transformation of Vanquis Banking Group , as its five siloed businesses were united in both strategy and organisation under one roof .
“ We were doing a full group-wide transformation ,” Steven explains . “ The core one was the IT stack that we were going to put all of our products on . But we were also transforming the procurement department , the HR department , the risk department , compliance and audit etc .”
All these individual departments had their own smaller transformation plans , which were dependent on procurement for ensuring supplier access and the correct choice of implementation partners . Procurement played a critical role in removing bottlenecks , by ensuring deliverables weren ’ t counterproductive and responsibility was spread out across departments .
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