Press Release
XCHANGING WINS A TWO YEAR OUTSOURCING CONTRACT WITH SAUDI DEVELOPMENT AND
TRAINING COMPANY (SDT)
Xchanging to provide a managed service for Learning and Development (L&D)
procurement for SDT
LONDON, 13 July 2010 - Saudi Development and Training Company (SDT), one of the
leading providers of Human Resource solutions across the Middle East has awarded
a two year outsourcing contract to Xchanging (LSE:XCH), one of the largest and
fastest growing global business processors. Xchanging will manage procurement of
a diverse portfolio of Learning and Development (L&D) courses in the UK and
Saudi Arabia on behalf of SDT.
Established over 10 years ago and headquartered in Riyadh, Saudi Arabia, SDT is
a company that specialises in technical, vocational and English language
training as well as manpower resourcing and localisation solutions.
As part of the contract, Xchanging will set up a sourcing hub for SDT with a
central support helpdesk. A vendor management programme will also be introduced
with the aim of optimising the supply chain. SDT will have a dedicated team of
L&D procurement category experts from Xchanging who will procure a diverse
portfolio of assessment and training programmes
Commenting on this contract, Andrew Johnston, Head of Commercial and
Procurement, SDT said, "We understand the importance of having the right
partners when competing on an international stage. Our aim is to continuously
improve the quality and value that we get from our suppliers, so that we can
deliver a first-class service to our clients. With Xchanging we know we have the
right expertise to manage a best-in-class procurement service for SDT".
Richard Houghton, Chief Financial Officer, Xchanging added, "We are delighted to
be forming a relationship with SDT. It is also significant as it expands our
procurement services business into the Middle East. We look forward to working
with SDT to provide enhanced value from their supplier relationships".
Xchanging manages annual indirect spend of over £1 billion on behalf of large
corporations and services multi-sector customers across a range of geographies
and industries. With high-calibre procurement category experts and world-class
technology, Xchanging offers a complete suite of procurement services from
sourcing and spend management to procure-to-pay. Xchanging is recognised as a
tier one Procurement Services provider globally by the Everest Research
Institute.
- ENDS -
For further information, please contact:
Xchanging
Meeta Thareja Tel: +44 (0)20 7780 5374
meeta.thareja@xchanging.com
Cardew Group Tel: +44 (0)20 7930 0777
Rupert Pittman / David Roach
xchanging@cardewgroup.com
About Xchanging
Xchanging is one of the largest and fastest growing business processors. With a
wide range of multinational customers in 42 countries and employing over 8,000
people, we are a truly global company. Our aim is simply to provide business
processing services better, cheaper and faster.
Xchanging provides procurement, accounting, human resources and technology
services across industries. These include banking, insurance, manufacturing,
retail and real estate among others. We combine functional expertise with deep
industry domain knowledge to provide industry-specific outcomes for our
customers.
Listed on the London Stock Exchange in 2007, the company is in the FTSE250, the
index of mid-capitalised companies traded on the London Stock Exchange.
Xchanging is also a member of the FTSE4Good index which measures the performance
of companies that meet globally recognised corporate responsibility standards.
www.xchanging.com
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Source: Xchanging via Thomson Reuters ONE