Lloyds Banking Group
PIVOTING TO HIGH PERFORMANCE COMMERCIAL SOURCING CAPABILITY IN LLOYDS BANKING GROUP
Lloyds Banking Group Sourcing function conceived a new skills uplift programme, designed to transform capability and sourcing outcomes by fundamentally re-engineering supply-market competition using techniques developed from economic game theory and behavioural economics. It was co-delivered through an integrated programme combining classroom teaching in parallel with practical application, supported by individual mentoring and a wealth of self-learn knowledge-building materials. The programme is continuously evolving today, to address contemporary challenges some 5 years later having initially upskilled the team of over 100 sourcing managers and delivered savings and business benefits several times higher than anticipated.