Cost Optimization for a Mid-Sized Manufacturing Firm
Challenge
Client struggled with high raw material costs, inconsistent supplier pricing, and long lead times.
Client struggled with high raw material costs, inconsistent supplier pricing, and long lead times.
Solution
Conducted a spend analysis across 8 vendor categories
Onboarded alternate regional suppliers for metals and logistics
Used e-Auction tools to negotiate better pricing
Conducted a spend analysis across 8 vendor categories
Onboarded alternate regional suppliers for metals and logistics
Used e-Auction tools to negotiate better pricing
Results
12% reduction in annual procurement costs
Improved supplier reliability by 28%
Lead time dropped from 14 days to 6 days
12% reduction in annual procurement costs
Improved supplier reliability by 28%
Lead time dropped from 14 days to 6 days
Related posts
Explore more insights.
Let’s build a smarter supply chain together
Whether you're launching a new product or looking to optimize what you already have, we're ready to help.
Seamless Deliveries
Flexible service
On-time performance
Let’s build a smarter supply chain together
Whether you're launching a new product or looking to optimize what you already have, we're ready to help.
Seamless Deliveries
Flexible service
On-time performance
Let’s build a smarter supply chain together
Whether you're launching a new product or looking to optimize what you already have, we're ready to help.
Seamless Deliveries
Flexible service
On-time performance