Manufacturing Industry
Citizens Banking seizes spend.
Purchasing, March, 2006 by Prema, Karen
By Karen Prema
Strategic sourcing successfully turns around procurement strategies and increases cost controls in many spend areas.
It's a bank's job to help customers save their money. So it only makes sense that a strategic sourcing organization at a bank should have particular expertise. At least that's the thinking Anders Lillevik brought when he joined Citizens Banking Corp. in Flint, Mich. in 2004.
Today Lillevik is the vice president and director of corporate procurement at Citizens. He created a new strategic sourcing organization and infrastructure to support that organization focusing on automating as much as possible.
"We [strategic sourcing] have been focusing on building a robust infrastructure that consists...
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