Together, the Group spends over £4.5 billion each and every year. In return, we demand best value and expect exceptional service – just like our customers. By driving value in our supplier relationships, we are able to increase profitability to our own business and, ultimately, pass on the benfits to our customers and shareholders.
Sourcing in Lloyds Banking Group is about more than just cost reduction and finance – it's about the way we all go about our daily working lives.
Our Sourcing team doesn’t simply report into Finance, it also operates directly at Board level, so there is huge scope for influence across the Group as a whole. As part of Group Operations, it’s a strong team delivering service, quality and value for our customers.
One of the main aims is to provide advice and guidance to colleagues so they understand the right way to approach the purchase of goods and services. Doing this helps ensure that all Group colleagues play their part in buying the right way – from the right supplier at the right cost.
As a large team with a key role to play in such an enormous organisation, there are many career opportunities in Sourcing. A wide range of business skills are also developed within the team, such as negotiation, stakeholder management and commercial acumen.
Sourcing are based across the UK at four main sites – London, Bristol, Halifax and Edinburgh – ensuring that a close working relationship is possible with the many aspects of the Group.