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Specialist procurement consultancy Efficio and their client Thames Water have won two major industry awards for their innovative procurement service outsourcing model.

In April this year Efficio took over £500 million-a-year sourcing covering both direct and indirect spend under the five-year deal with Thames Water, the largest water company in the UK.

The National Outsourcing Association Awards is the major national awards recognising companies who have demonstrated excellence in this field. NOA members include IBM, Fujitsu, HP and KPMG. The Efficio / Thames Water Managed Procurement service model won in the following award categories:

• Outsourcing project of the year - telecommunications, utilities and high-tech

• Outsourcing end-user of the year

Efficio and Thames Water were competing with major companies including Centrica, IBM and the Co-Operative Banking Group for the awards which were presented at a ceremony in London.

Efficio Chief Executive Officer Jens Pedersen said: “I'm very proud that our achievements with Thames Water have been recognised in this important awards scheme.

"In its first six months our Managed Procurement Service model has already produced great results and winning these awards is the icing on the cake.

“We look forward to continuing our relationship with Thames Water into the future and achieving more great results together."

Simon Rutter, Head of Procurement at Thames Water, said: "We're delighted with these awards. They show that our relationship with Efficio is really delivering the goods."

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Notes to editors

The National Outsourcing Association (www.noa.co.uk) was established as an independent not-for-profit organisation more than 20 years ago. Its main objective is “to ensure the effectiveness and success of outsourcing, shared services and insourcing through the promotion of best practice and innovation in their application and development.”

About Efficio

Efficio is a results-focused procurement consultancy with a track record of helping leading organisations achieve more value from their procurement. It is headquartered in London, UK, and also has offices in France, Germany, Switzerland and the US.

Comprised of experienced professionals with a blue-chip consultancy heritage, Efficio combines the credentials of a top tier firm with the depth of expertise of a flexible niche player. Clients include 3i, AstraZeneca, Barclays, BAT, Biffa, Deutsche Post, Ford, Goldman Sachs, HBOS, KKR, Nokia, National Grid, O2, Philips and Thames Water.

About Thames Water

Thames Water is the UK's largest water and sewerage company, processing over 5 billion litres daily to serve 14 million customers of across London and the Thames Valley. Based in Reading, it has 4,500 employees and manages the operation and maintenance of 2000 plants and over 100,000 km of underground assets.

For more information please contact:

Georgina Golding, Marketing Manager, Efficio, on:
+44 20 7550 5681 or georgina.golding@efficioconsulting.com

For further information on Efficio please see: www.efficioconsulting.com

This press release was distributed by ResponseSource Press Release Wire on behalf of Efficio in the following categories: Business & Finance, for more information visit https://pressreleasewire.responsesource.com/about.