15 November 2002 | Geraint John
Telecommunications giant Cable & Wireless (C&W) has won a top UK purchasing award for its e-procurement project.
The company, which this week saw its share price collapse after announcing a pre-tax loss of £4.4 billion in the first half of 2002, took the "best use of e-procurement" category at the Kelly's CIPS Awards for Excellence in Purchasing and Supply.
Its programme was also judged "best international/global purchasing project" at the awards, which are run in association with Supply Management.
C&W started its e-procurement journey with a two-month pilot in late 2000, and a full implementation went live in the UK in September last year. The SAP-based system aims to save the company £100 million over four years - 1.5 per cent of its total procurement bill.
It claims to have 3,500 registered users in 16 countries, including the US, Japan and Europe, with 30,000 catalogue items available online from 150 suppliers. Around 95 per cent of the spend procurement has responsibility for is now going through the system.
"Winning the award has helped to show our staff that we have a world-class system," said Ben Jackson, C&W's global procurement director.