Our Services
Absa Group Sourcing aims to provide a world-class organisation of people and processes to help manage an annual expenditure on behalf of the Group. The sourcing of all goods and services for Absa are managed by this team.
- We provide a link between the business, its customers, suppliers, and employees through the delivery of tangible benefits
reducing costs and help to increase efficiency throughout the organisation
- Group Sourcing is responsible for managing an annual spend with 1800 preferred suppliers. The largest 20 suppliers account
for 45% of total 3rd party expenditure and our top 100 suppliers represent 70%
- Group Sourcing is part of the Services Cluster, reporting into the Group Chief Operating Officer
- Group Sourcing provides overall sourcing category strategies, and manages the Group’s approach to supply management
- In addition to direct sourcing activities, Sourcing provides core services to the Group, including some Supplier Management,
Sourcing & Control Platforms (inc. SAP), Management Information (inc. Benefits Tracking) and various group wide activities
such as Policy (Sourcing Supplier Management Handbook), and Procure to Pay compliance tracking
- Absa scored 17 points out of a potential 20 against the BBBEE Codes of Good Practice scorecard in 2008, with 54% of spend
being with BBBEE accredited suppliers
Team work, a focus on our clients, a professional approach, energy & a sense of fun are all essential in achieving this.
