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Yuchengco Group of Companies Reaps Savings from Strategic Sourcing


Manila, Philippines, May 9, 2011 -- The Yuchengco Group of Companies (YGC) has recorded significant annualized savings for three of its subsidiaries namely Rizal Commercial Banking Corporation (RCBC), RCBC Savings Bank, and Bankard, following a Strategic Sourcing Project initiated by the family-owned conglomerate in collaboration with TransProcure. Strategic sourcing is the practice of evaluating and selecting suppliers by assessing critical attributes such as technology, quality, delivery, responsiveness, services, innovations as well as cost that will provide the company with the best quality and most cost-effective goods and services. For YGC, the project initially focused on four categories: bank and office equipment, branch construction, signages and print spend whereby substantial savings were generated through effective and cross-functional execution of the strategic sourcing process. The project was later implemented at a fourth subsidiary, Malayan Insurance Co. Inc., where it also focused on print spend.




About TransProcure  (www.transprocure.com)


TransProcure is the leading global procurement solutions and services company and the first in providing Procurement Business Process Outsourcing (BPO) and Out-tasking Centers located in key cities in Asia with presence in Asia-Pacific, North America, Latin America, and Europe. It has also a Central Procurement Shared Services Center headquartered in Manila, Philippines. TransProcure assists companies to accelerate the value of procurement by extending its many services around the procure to pay cycle and ancillary services at efficient and low-cost country position. Information is available at www.transprocure.com



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