Universal Music renews contract with buyingTeam

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Universal Music UK, has extended its contract with buyingTeam, the procurement outsourcing specialist, for three years in a deal worth more than £1.2m.

Universal has been working with buyingTeam since 2003 to improve business performance through better procurement practices, including active cost management and the realisation of resulting savings.

Buyingteam will continue to oversee the management of Universal Music’s indirect expenditure, ranging from media and creative services to facilities and overhead costs.

Universal Music UK’s CFO, David Bryant, said: “The primary objective of our partnership with buyingTeam is to develop and implement an effective long-term procurement strategy. Today, we have superior strategic procurement processes in place that continue to deliver sustained improvements to our business.”

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