Up to 60% of global marketing budgets being wasted every single year
LONDON, UK - 3 August 2015 - New research by procurement services provider Proxima, finds that spend on digital marketing such as search engine optimisation, mobile apps and video-on-demand services in 2015 is failing to deliver the value companies should expect. With 50% of total advertising budgets in the UK (totalling around £7.9bn), and around 30% in the US (around £32.9bn) being spent on digital marketing, poor commercial management means brand and commercial content is not reaching the right audience.
New study suggests American consumers intend to punish companies involved in supplier-driven scandals
NEW YORK, NY and London, UK – May 14, 2015 – A newly published survey suggests that companies who are not actively monitoring the business practices of their suppliers, or who are engaged in questionable supplier practices themselves, are placing their reputations and their balance sheets in harm’s way.
Proxima secures $40m in new contracts and sees significant growth in procurement consultancy services
LONDON, UK and CHICAGO, IL – February 23, 2015 – Proxima, a leading international procurement services provider, announced today that the company has kicked off the year by securing $40 million in new contracts and has increased its spend under management by a further $1.5 billion. Additionally, the company is turning its attention to growing its procurement consultancy services in response to demand from clients who are continuing to recognize the contributory value of procurement operations to corporate profitability and overall organizational health.
Proxima client IHG nominated for CIPS Supply Management Award
LONDON, UK and CHICAGO, IL – September 4, 2014 – Proxima, a leading international procurement services provider, is pleased to announce that its client, InterContinental Hotels Group (IHG), has been nominated for a 2014 CIPS Supply Management Award in the category of Most Improved Procurement Operation – Step Change. The nomination is in recognition of IHG’s successful transformation of its procurement function across its global operations.
Proxima selected by Dairy Crest for long term outsource contract
LONDON, UK - July 28, 2014 - Proxima, the global procurement services provider, announces today that it has been appointed on a multi-year contract to manage the costs of all indirect categories at Dairy Crest, the leading British dairy products company.
Proxima launches study into scope for change through supply chain management
LONDON, UK and CHICAGO, IL - June 23, 2014 – Proxima, the world’s largest pure-play procurement outsourcing and services provider, has today launched a new study that seeks to establish how supplier engagement can change the way that businesses operate.
Proxima appoints Jonathan Cooper-Bagnall Executive Vice President, Global Commercial Operations
CHICAGO, IL and LONDON, UK – May 6, 2014 – Proxima, a leading international procurement services provider, today announced the appointment of Jonathan Cooper-Bagnall as Executive Vice President, Global Commercial Operations. In this capacity, Cooper-Bagnall will be responsible for setting the future commercial strategy and driving growth. He will be hands-on in leading the sales organization to develop new relationships and win work by clearly demonstrating the value that will be delivered for Proxima’s customers.
Proxima appointed by SAV Credit on five-year outsourcing contract
LONDON, UK - February 3, 2014 - Proxima, the global procurement services provider, announces today that it has been appointed on a five-year contract to manage external supplier costs and relationships for SAV Credit.
CHICAGO, IL - January 21, 2014 - Proxima, a leading international procurement services provider, today announced that the company has launched a formalized effort to help companies in the media and entertainment sector better manage outside suppliers and costs by expanding its online resources to include content, analysis and insight specific to the industry.
HfS Research: constant focus on savings counter-productive for success
CHICAGO, IL - December 9, 2013 - A new research report released last week from global business analyst firm HfS Research endorses findings from a recent Proxima report into the trend of Corporate Virtualization, affirming that organizations continue to direct more spend outside the organization, relying on external suppliers instead of investing in labor.
Study confirms reducing supplier costs more effective for improving profit
CHICAGO, IL and LONDON, UK - September 9, 2013 - Proxima today released the results of a global study of nearly 2,000 publicly and privately traded companies, examining trends in spending and implications for profitability.
Announcement: Jeroen Huisman to strengthen European Team
LONDON, AMSTERDAM - December 3, 2012: Proxima, a leading international procurement services provider, announced today that it has appointed Jeroen Huisman as a Client Services Director, further strengthening its continental European client team.
Proxima to analyse findings from major research study in online webinar session
LONDON - 10 October 2012. Proxima, a leading international provider of procurement services, invites you to an online presentation and discussion around its recent research study, The £10 billion profit opportunity on 21 November 2012.
Proxima signs procurement services contract with CSM for management of third-party expenditure
AMSTERDAM, NETHERLANDS - 4 September 2012. Proxima, a leading provider of end-to-end procurement services to global, blue-chip corporations, today announced that it has signed a strategic procurement services contract for third-party expenditure with CSM.
Proxima increases annual client spend under management by $3 billion at the half year
LONDON & CHICAGO, June 25, 2012: Proxima, the leading procurement services provider, today announces that it has secured several major new client assignments during the first half of 2012, including significant new arrangements in the US, and several contract renewals.
Proxima expands into North America as it opens Chicago office
CHICAGO, IL – 13 FEBRUARY 2012. Proxima, Europe’s leading procurement services provider, has today announced the latest step in its expansion plans with the opening of its first office in the United States.
Change in the procurement services sector as buyingTeam becomes Proxima
LONDON, UK - 30 JANUARY 2012: buyingTeam, Europe’s leading provider of end-to-end procurement services, announces today that it is to transition to a new brand and, from 20 February 2012, will be known as Proxima.
LONDON, 30 JANUARY 2012: buyingTeam, Europe's leading provider of end-to-end procurement services, announces today that it is to transition to a new brand and, from 20 February 2012, will be known as Proxima.
Proxima's Guy Strafford appointed to Board of CIPS
LONDON, UK - 28 November 2011. Proxima, Europe’s leading procurement outsourcing specialist, is pleased to announce that Guy Strafford, Chief Client Officer, has been appointed to the Board of the Chartered Institute of Purchasing & Supply (CIPS).
Proxima's Ian Thompson elected CIPS Councillor for South East Region
LONDON, UK – 8 August 2011. Ian Thompson, Managing Director Support Services at Proxima, Europe’s largest procurement outsourcing specialist, has been elected to the Chartered Institute of Purchasing and Supply’s (CIPS) Council. Elected by CIPS members to represent the South East, Ian’s three-year term as councillor will run from November 2011 to October 2014.
Universal Music renews award winning procurement partnership with Proxima
LONDON, UK – 01 March 2011. Proxima, Europe’s largest procurement outsourcing specialist, today announced the renewal of its partnership with Universal Music UK, signing an extended three-year contract worth in excess of US$2 million.