From Static Reports to Dynamic Insights
How a prominent automotive supplier turned siloed data into actionable insights.
By displaying data in charts, graphs, and dashboards, Ignite gave us the power to interact with our data. With the amalgamation of improved visibility and easy-to-use analytics, we got the numbers we needed for selecting and conducting fact-based savings projects. As a technology company leader, and after seeing the impressive results technology can bring to procurement, I would recommend that other leaders be enthused about exploring and investing in new tools and changing the status quo.
Manufacturing - Industrial Automation
∼ 350 employees
Nedre Vats, Norway
A leading global producer of automated warehouse solutions with a production facility in Poland and over 600 installations in more than 30+ countries in a wide range of industries.
Annual Recurring Savings
From fact-based supplier negotiations.
Savings (One-Time Effect)
From improved payment time and terms.
And $3.2 M reduced costs in initial few months
A leading global producer of automated warehouse systems with $ 135 million in annual revenue was witnessing rapid growth of 60-120% year by year.
A tremendous growth gave opportunities to optimize costs but limited AutoStore's capacity to work strategically with procurement.
Additionally, the company struggled to achieve spend visibility to uncover intelligent insights and tap into saving opportunities.
As a result, AutoStore developed a need to drive procurement and savings transformation program to handle this growth properly.
In a bid to achieve these goals and scale their business for continued growth, AutoStore began looking for the right partner and, in 2018, engaged Ignite Procurement.
It began with understanding AutoStore's expectations and goals. AutoStore transferred the knowledge about their suppliers, products, and situation to Ignite. This information set the background for identifying both quick wins and longer-term opportunities as per AutoStore's needs.
The AutoStore procurement transformation program consisted of the following steps:
The AutoStore procurement transformation program consisted of 3 key modules: Fund the journey, Form strategic partnerships, and build organizations and processes for procurement excellence. This quickly translated to a number of significant benefits, including:
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