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11% Savings on $12.7MM in Expenditures with $1.4MM in EBITDA Improvement
Client Profile
A $2B provider of outsourced services to the pharmaceutical and life sciences industries
Client’s Issue
The client was seeking EBITDA improvement as well as assistance in redefining business requirements relative to specific categories that they were taking out to bid.
Our Approach
The client engaged Insight Sourcing to conduct a spend analysis to identify strategic sourcing opportunities in select spend areas and a procure-to-pay process assessment across the business units in its Clinical and Communications divisions. The client leverages SpendHQ for ongoing spend visibility and is a member of the Office Supplies Consortium.The client engaged Insight Sourcing, who leveraged a number of nontraditional sourcing methods to ensure continuity and quality of service while still driving strong savings results. Additionally, the client was enrolled in the firm’s Office Supplies Consortium to yield an early quick win for the project.
Categories Addressed
- Office Supplies
- Fleet Acquisition
- Fleet Management
PROJECT RESULTS: 11% Savings in Expenditures with $1.4M in EBITDA Improvement
