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Glencore Queensland Ltd. Selects Accenture to Transform Sourcing and ProcurementAccenture (News - Alert) (NYSE:ACN) has signed a six-year contract with Glencore Queensland Ltd., a subsidiary of Glencore plc, one of the world's largest diversified natural resource companies, to provide sourcing and procurement services for Glencore's Australian copper and zinc businesses. It is expected that the contract will deliver cost savings to Glencore of more than USD $300 million over the next six years. Accenture will provide end-to-end sourcing and procurement services and will bring category expertise, cloud-based sourcing, category-management and procure-to-pay tools, as well as market sourcing insights and analytics to help the company maximise procurement and sourcing benefits. Glencore's Mount Isa Mines Central Services General Manager, Trevor Gray, said the project is an important step toward improving the business's competitiveness. "We are continuously reviewing opportunities to improve our global competitiveness and long-term sustainability," he said. "Our teamwork with Accenture will deliver further productivity improvements and significant cost savings across our business." Accenture was selected based on successful projects delivered for Glencore in other parts of the world, as well as for its extensive global and Australian experience in sourcing and category-management services in mining and other industries. The work will be performed at Glencore's Mount Isa Mines operation, the Accenture Operational Efficiency Centre of Excellence in Brisbane and Accenture Global Dlivery Network locations. "Mining clients continue to grapple with cost pressure in the ongoing environment of low commodity prices," said Joost (News - Alert) Van De Meent, managing director, Resources, at Accenture. "Our solution will extend Glencore's existing procurement capability to improve spend management and reduce transaction costs, while improving visibility across Glencore's businesses." About Accenture Accenture is a global management consulting, technology services and outsourcing company, with more than 336,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com. About Glencore Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The Group's operations comprise of over 150 mining and metallurgical sites, oil production assets and agricultural facilities. With a strong footprint in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries. Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 181,000 people, including contractors. Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative. www.glencore.com
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