USD$8M

annualized savings through Procurement Excellence initiative representing 13% of overall category spend for major medical device & pharmaceutical manufacturer

Project & Details

Major Life Sciences company with manufacturing locations in US, Europe, Asia & Latin America driving cost savings and supplier consolidation.

Molded components spend was USD$61M across the global manufacturing network with over 80 suppliers. Consolidated the spend with 11 global suppliers with regional presence while also developing a strong business continuity plan.

Tools & Technology

  • Complete project management
  • Sourcing & contract management
  • Spend consolidation
  • High cavitation tooling
  • Verification & Validation
  • Business Continuity planning

Benefits

  • USD$8M annualized savings
  • ROI – 18 month payback period
  • Consolidated spend to 11 suppliers
  • 25% reduction in non-conformances
  • Inventory turns improved to 7

Customer Testimonial


Hands-on team with good functional expertise. Results-driven and understands on how to address pain points of multiple stakeholders.