BT to set up standalone 'ProcureCo'

Will Green is news editor of Supply Management
13 November 2020

BT has announced plans to set up a standalone procurement company separate from the rest of the organisation.

The “ProcureCo” will be based in Dublin and headed by current CPO Cyril Pourrat, who said it would “radically change our existing procurement capability”.

BT said it was going through a “root and branch process to modernise and simplify the way we do business” and procurement would play a major role in helping to achieve a £2bn savings target by 2025.

In a letter to suppliers Pourrat said an internal consultation process was taking place on the plans.

“We plan to set up a new procurement company (or a ProcureCo) which will operate as a standalone entity from the rest of the organisation and radically change our existing procurement capability,” he said.

“In addition, we’ll be simplifying processes and introducing breakthrough AI-powered digital technology so we’ll truly be best in class.

“The ProcureCo will be led by me and based in Dublin, which has established itself as a hub for many big tech businesses as well as start-ups.”

He added: “For now, there is no change to your dealings with BT. We are working through all the details and please be assured that we will communicate with you to let you know of any specific changes – and with plenty of advance notice.”

The letter makes no mention of Brexit and the fact that Dublin is within the European Union.

☛ Want to stay up to date with the news? Sign up to our daily bulletin.

LATEST
JOBS
Bristol
GBP45000.00 - GBP55000.00 per annum + Excellent Package
Bramwith Consulting
Flexible location with some days in London
Up to £140k plus bens
Langley Search & Interim
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE