buyingTeam, Europe’s largest procurement outsourcing specialist, announces it has signed a long-term procurement outsourcing contract with global energy provider BG Group.

This new relationship marks the beginning of buyingTeam managing BG’s indirect expenditure in the UK with potential roll-out on a global basis during the lifetime of the contract.

BG Group has engaged buyingTeam to assist in evolving its procurement approach and embedding a global indirect procurement strategy. buyingTeam will provide BG Group with a full suite of procurement services, including, spend and market analysis, strategic and tactical sourcing, together with associated contract and stakeholder management.

The role of procurement as a key management discipline continues to grow and is fast becoming a central part of executive decision making. Leading companies increasingly value procurement’s ability to go beyond its traditional focus on a client’s supply base and positively influence internal attitudes towards purchasing and apply greater commercial emphasis on its working practices more generally. This change in approach is core to buyingTeam’s model.

Commenting on the contract, buyingTeam CEO Matthew Eatough, said:

“The signing of this multi-year contract with such a successful and internationally renowned company is a powerful endorsement of the substantial benefits that the buyingTeam approach brings to our clients. It also shows how the procurement function has evolved from simple cost-cutting into an integral management discipline.

“We will be working with them to identify where significant value can be unlocked to deliver ongoing future benefits to the BG Group’s operations. We believe that our shared services model provides us with the strength and depth needed to grow with international organisations.”