Strategic Sourcing & Procurement Transformation Case Studies
As on on-demand procurement services provider, Source One has helped numerous companies with everything from standalone strategic sourcing support projects all the way to fully outsourced Category Management. We’ve even helped multiple organizations start from scratch and?stand-up or substantially transform their procurement organizations. With the exception of projects that are “one-time” by design, most of our strategic sourcing?clients hire us for follow-on work in areas of spend or initiatives outside the original scope of the engagement – which speaks to our ability to quickly deliver value and the trust we establish with all stakeholders.
Below is just a sampling of the strategic sourcing and procurement transformation results we produce and the case studies we can provide:
Strategic Sourcing Strategy Development & Execution
M&A Activity and strong pressure from the C-Suite required a CPG company to centralize indirect sourcing and produce sustainable cost savings across a wide variety of spend categories.??Across the spend profile,?Source One conducted deep-dive spend analyses, contract reviews, stakeholder interviews, and benchmarking to uncover the true opportunities. In collaboration with the Procurement organization and its stakeholders, Source One has delivered double-digit savings and positioned the Procurement function as a critical enabler of the company’s long-term strategic growth.
Transformation Advisory & Organizational Development
In preparation of an Initial Public Offering, the nation’s largest Audio Visual management company sought to assess and transform their Procurement organization with the help of a specialized 3rd party. Source One conducted a deep-dive analysis, interviewing the Procurement organization and its stakeholders, examining policies and documentation, developing process maps, and more, and benchmarked against our market intelligence to develop an opportunity list. By partnering with the business, we established improved management structure and roles & responsibilities, enhanced processes, recommended new tools and technology, and assisted in training and hiring of new procurement leaders. Recognizing the organization’s budget constraints, we were able also to uncover strategic sourcing opportunities and execute those projects, the savings from which provided the funding to the transformation objectives.
More?Case Study Highlights
At Source One, we provide our clients with?tailored strategic sourcing and procurement services that?accomplish significant cost reduction for both direct and indirect spend categories. We have hundreds of success stories and satisfied clients. We are constantly receiving positive feedback on our supply chain initiatives, and strive to continue having a positive impact on our clients. Click for a highlights of our supply chain services, and the results we are capable of producing.
Example Sourcing Projects
Source One can assist your business in the procurement of essential goods/services, by implementing strategic programs to achieve cost reduction and relationship improvement. We offer our clients a variety of best-in-class strategic sourcing services, including industry research and comparison, mediations, contracting, auditing, and more.?With an average savings of 18%, we can positively support our clients in any phase of their procurement initiatives.? Access our case studies and realize the positive impact we have with each of our clients.
Multiple Category Case Study
Source One aided an international coating corporation with the procurement of various indirect materials and services. The supply chain experts at Source One helped the company to source LTL Freight, Small Package services, Telecom infrastructure and services, Packaging, and more.? Click to browse this cross-category case study and explore the details of the project.
MRO Case Study
Our team helped a publically traded mining company to achieve savings in the MRO spend category. Source One was able to correct for decentralized MRO sourcing practices by consolidating contracts and fostering continuity across locations. This project spanned well over ten MRO sub-categories, and resulted in substantial cost reduction without disrupting the client’s processes or operations. Read through this sample MRO case study? to further understand our services and, in particular, our MRO experience.