From Analytics-Driven Procurement Transformation to Savings
How a leading warehouse robot technology company leveraged analytics to realize savings.
Health Care - Hospitality & Healthcare
A large, multinational Health Care Services group with $60 million in yearly external spend, over 3000 suppliers, and with multiple companies across 6 countries.
Through fact-based negotiations with key suppliers
With huge savings potential through commercial levers
In the initial few months with supplier renegotiations
Our customer, a leading Health Care Services group, provides services in several European countries.
The key challenge for the company was that each business unit largely worked independently, and procurement did not exist as a separate function. Therefore, there were no clear mandates or objectives for it.
Consequently, procurement was not directly linked to the group's decision makers and thus, lacked strategy.
With data scattered across ~50 subsidiaries, multiple units, and regions, the company also needed to achieve visibility into its spend and consolidate data for analysis.
Factors like an increasing pressure on margins and untapped synergy potential across the group echoed the need to address external spend more strategically.
To mark the beginning of more coordinated procurement for our customer, we evaluated the measures we believed were most important to facilitate both immediate gains and long-term success.
To ensure the firm achieve spend transparency and establish a factual basis for success in the future, we recommended the following measures:
The firm's engagement with Ignite delivered a number of significant benefits:
Let us help you find the best solution to your challenges. Get in touch and tell us about your problems. One of our industry experts will sit down with you.