which are based on working more closely together as a group so that SIG's whole is greater than the sum of the parts.
- Category management now embedded within SIG and is business as usual
- Delivered £22.7m net cumulative savings from Strategic Initiatives to date, mainly sourced from procurement
- Targeting additional £10m efficiencies in 2016 and further savings thereafter
- Group Procurement Director appointed for the first time in the Group's history
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Procurement
- Appointed new team with experience of construction sector and other industries
- Reviewed current supply chain model
- Two-step strategy with ultimate goal of delivering £50m savings
- First step: move to regional hubs utilising existing network
- Second step: roll out Regional Distribution Centres across the Group
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Supply Chain
- Defined as products which are own label or where SIG controls the design, fabrication or component assembly
- Typically higher margin than SIG's distribution businesses
- Currently accounts for 18% of Group sales
- Target to double that proportion as a percentage of sales by 2018
- Air Handling and Offsite Construction are important growth drivers within this category
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Value Added Sales