Situation
A leader in hi-tech surveillance and anti-theft equipment with a manufacturing footprint of over 15 facilities across three continents, our client set out to adopt global procurement best practices spanning the entire company’s external spend of materials and services.
Solution
We conducted an extensive global sourcing program that led to identifying and implementing functional improvements and substantial cost savings. In addition to bottom line impact, we conducted a thorough opportunity assessment, an extensive procurement organization redesign as well as team training and coaching in the Americas and Europe.
Results
Our deliverables included a SKU-level spend architecture and database and a make-versus-buy competitive assessment. We identified savings of over 10% on total addressable spend and 19.5% realized savings on the first wave category sourcing implemented jointly with the client team.