BT’s Dublin-based procurement arm, BT Sourced, will “challenge the traditional ways of buying goods and services by simplifying processes”.
BT said the creation of the new standalone firm would “make the company easy to do business with for its global supplier base”, and would lead the way for new partnership-led approaches to working with suppliers and startups for quicker global sourcing.
It added BT Sourced would assist the drive towards sustainable sourcing, using its buying power to “influence the company’s supply chain and boost supplier diversity”, contributing to BT’s target of reducing carbon emissions in its supply chain 42% by 2030.
The firm previously said procurement would play a major role in helping to achieve a £2bn savings target by 2025.
The new company, which will manage a budget of €14.8bn (£13bn), is set to launch on 1 April, and the firm is currently recruiting for 70 Dublin-based roles across a range of procurement management disciplines, including IT, networks, connectivity and services as well as procurement analytics and transformation.
Cyril Pourrat, chief procurement officer for BT Group, said: “Dublin is a vibrant city with a truly global outlook, and we’re excited to be building our innovative new procurement company at its very heart, taking advantage of the fantastic talent pool Ireland has to offer in the global sourcing arena.
“BT Sourced will play a major role in BT’s transformation, drawing on the best technology and people to speed up and simplify the way we manage BT’s third-party spend worldwide.”
Leo Varadkar, tánaiste and minister for enterprise, trade and employment, said: “[BT] will join the growing number of innovative, multinational companies who have made Dublin their home. The company can look forward to accessing a rich pool of talent which will allow it to embed and grow its operations here.”
Martin Shanahan, CEO of IDA Ireland added: “Ireland offers a safe and stable investment location with access to the EU market, an educated and skilled workforce and an attractive environment where people want to live and work.
"BT’s decision to establish its new procurement company BT Sourced in Dublin is a strong endorsement of the deep pool of tech talent in Ireland. This new company will play a strategically important global function for the BT Group."