“HAVING STANDARDS ALLOWS YOU TO HAVE MORE TRANSPARENT AND MEANINGFUL CONVERSATIONS, AND ENSURES THAT YOU’RE BOTH ACTING PROFESSIONALLY AND IN A WAY THAT SUITS BOTH PARTIES’ INTERESTS. I’M CONFIDENT THAT AS WE GO ON TO REPLENISH OUR OUTSOURCE PORTFOLIO, THE SAVINGS ARE GOING TO BE SIGNIFICANT. I EXPECT THE BBC TO SAVE MILLIONS OF POUNDS AS A RESULT OF THE GLOBAL SOURCING STANDARD.”
The BBC was the first ever organisation to be accredited to the Standard. As a Public Sector organisation that spends a total of £1.4 billion a year on external goods and services provided by over 11,000 suppliers, identifying and adhering to industry best practice was an imperative. Going through the accreditation, therefore, was viewed from the top down to be a key strategic investment, rather than a discretionary spend.
The BBC started outsourcing in 1996 and already had a very mature sourcing/procurement function with a number of sourcing agreements into their third generation, however, they were keen to get an independent assessment of their proficiency in this area, and also see what more they could learn.
Having since achieved accreditation (with Merit), the BBC expects to realise annual savings of up to £42m as a result of applying the learning outcomes from the process, as well as other benefits including simplification of processes, improved alignment and transparency with service providers and the creation of more opportunities for innovation, resulting in increased competitive advantage.
Contact us to find out how your organisation can become accredited to the Global Sourcing Standard.
Read the Sourcingfocus interview with BBC Director of Procurement, Jim Hemmington.
Read the HfS Research interview with BBC Director of Procurement, Jim Hemmington and Chris Halward, Director for the Global Sourcing Standard.
Watch the BBC discuss accreditation to the Global Sourcing Standard.
Learn the Top 10 Benefits of accreditation to the Standard.