XCHANGING WINS PROCUREMENT OUTSOURCING CONTRACT WITH CHEP EUROPE TO MANAGE A TOTAL SPEND OF £375 MILLION, OVER FIVE YEARS

4/6/2010, 8:00 AM (Source: GlobeNewswire)
CHEP Europe to utilise Xchanging's procurement processing platform to streamline
processes, drive efficiencies and reduce costs in non-core procurement

LONDON, 06 April 2010 - CHEP, the global leader in pallet and container pooling
services has awarded a five-year procurement outsourcing contract to Xchanging
(LSE:XCH), one of the largest and fastest growing global business processors.
CHEP operates in 45 countries, serving customers in diverse sectors. Their
global partners include Procter & Gamble, SYSCO, Kraft, Nestle, Ford and GM. The
company has more than 7,500 employees.

As part of the contract, Xchanging will manage £75 million of spend per annum
(£375 million of spend over five years) on behalf of CHEP Europe and help
integrate and standardise procurement processes for CHEP's business across the
UK, France, Germany and Spain for their non-core categories. Xchanging will
consolidate spend management and help reduce overall non-core procurement costs
across CHEP's European businesses. The contract will include sourcing of
non-core categories and a large proportion of procure-to-pay activities.

CHEP is part of Brambles Limited, a leading provider of supply chain and
information management services through its two businesses, CHEP and Recall.
Headquartered in Sydney, Australia, Brambles operates in 47 countries and
employs more than 12,000 people.

Commenting on this contract, Marcelo Di Benedetto, Sourcing & Quality Director,
CHEP Europe said, "We believe in constant improvement to provide the highest
value to our customers and shareholders. Outsourcing our non-core procurement to
a specialist such as Xchanging will provide us access to industry-leading
expertise and global best practice in procurement processes and technology. We
expect a number of benefits including increased efficiency, reduced costs and
internalisation of best practices. Our goal is to spend smarter and get the best
value from our supplier relationships."

David Andrews, CEO, Xchanging, added, "We are delighted at the prospect of
working for a global leader that understands that efficient processes are a
competitive edge. Xchanging has a strong track record of working with large,
multinational companies to significantly reduce their procurement costs through
strategic sourcing. Our aim will be to deliver procurement services that create
sustainable value for CHEP Europe by enabling them to keep their costs to a
minimum and thereby allowing CHEP to continue to offer competitive services to
their customers. We look forward to being CHEP's procurement processor of
choice."

Xchanging manages annual indirect spend of over £1 billion on behalf of large
corporations and services multi-sector customers across a range of geographies
and industries. With high-calibre procurement category experts and world-class
technology, Xchanging offers a complete suite of procurement services from
sourcing and spend management to procure-to-pay. Xchanging is recognised as a
tier one Procurement Services provider globally by the Everest Research
Institute.

- ENDS -

For further information, please contact:

Xchanging

Meeta Thareja Tel: +44 (0)20 7780 5374

meeta.thareja@xchanging.com




Cardew Group Tel: +44 (0)20 7930 0777

xchanging@cardewgroup.com



About CHEP
CHEP is the global leader in pallet and container pooling services serving many
of the world's largest companies.  The company has more than 7,500 employees and
operates in 45 countries. Combining superior technology and an asset base of
more than 300 million pallets and containers, CHEP offers its customers
exceptional value, a platform that enables reduction in customer product damage,
and an environmentally sustainable logistical solution.  Supply chains served
include consumer goods, produce, beverage, and the automotive industry.  With
global partners that include Procter & Gamble, SYSCO, Kellogg's, Kraft, Nestle,
Ford and GM, CHEP is known for Handling the World's Most Important Products.
Everyday.
www.chep.com


About Xchanging
Xchanging is one of the largest and fastest growing business processors. With a
wide range of multinational customers in 42 countries and employing over 8,000
people, we are a truly global company. Our aim is simply to provide business
processing services better, cheaper and faster.

Xchanging provides procurement, accounting, human resources and technology
services across industries. These include banking, insurance, manufacturing,
retail and real estate among others. We combine functional expertise with deep
industry domain knowledge to provide industry-specific outcomes for our
customers.

Listed on the London Stock Exchange in 2007, the company is in the FTSE250, the
index of mid-capitalised companies traded on the London Stock Exchange.
Xchanging is also a member of the FTSE4Good index which measures the performance
of companies that meet globally recognised corporate responsibility standards.
www.xchanging.com


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