Generated Over $4MM in Savings through Sourcing Four Categories
Client Profile
$4B equipment manufacturer with operations in over 20 countries around the world
Client’s Issue
Due to growth through acquisition, the client’s purchasing was extremely decentralized, often at the facility level. Insight Sourcing Group was engaged to leverage the full scale of spend through formal sourcing events and help achieve savings targets.
Our Approach
Insight Sourcing performed a spend assessment that identified four categories as potential savings opportunities. Sourcing strategies were initiated immediately including in-depth project and change management as most categories were previously managed by over 20 facilities and two disparate business units.
Categories Addressed
- Temporary Labor
- Ocean Freight
- MRO
- Packaging
PROJECT RESULTS: Generated Over $4MM in Savings in four categories