The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Xchanging and Boots sign seven-year £400 million outsourcing contract


Boots, the health and beauty retailer, has appointed Xchanging, the leading business processing services company, to manage part of their indirect spend. Xchanging will be responsible for elements of expenditure in travel, marketing, resourcing, facilities management and workplace services. The contract, which will run for seven years, will see Xchanging manage an annual spend of about £58m on Boots' behalf.


Within this contracted spend, Xchanging will have exclusive responsibility for engaging and negotiating with suppliers, in order to drive through consistent processes and policies, and deliver a lower cost profile.


David Andrews, Chief Executive Officer of Xchanging says:  "I'm very excited by this opportunity to make a genuine difference to one of the best known names on the high street. This new relationship with Boots pushes our aggregate deal volume towards £3.5bn in a 12 month period - putting us at the forefront of the European business processing services market."


Julian Coles, Director of Boots Sourcing and Purchasing says:  "We have partnered with Xchanging in order to benefit from their proven methodology and procurement skills, to deliver efficiencies that allow us to offer our customers even better value."


Xchanging will also manage the transactional procurement activity, such as order raising and invoice processing within Boots Operational Processing Centre (OPC) in Nottingham.






You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree