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Retearn
Azets Procurement Build & Implementation
Having grown quickly through acquisition Azets developed a large disaggregated supply base with over £100m supplier spend yet had no formal Procurement function. Azets partnered with Retearn to quickly embed and operate a Group Procurement Service and the supporting infrastructure to reflect the company’s new scale and size, whilst supporting future growth. Within 9 months Retearn delivered a step change in procurement across Azets, delivering over £2.0m savings plus the following additional benefits:
- Procurement governance established
- Spend/Contract visibility and compliance reporting
- Supplier due diligence and risk management processes
- Source-to-contract system implemented
- 28% supplier reduction
- 35% invoice reduction