Global data and technology company supporting clients in the clinical trials space.
Client sought to achieve significant cost savings, supplier consolidation and improved procurement visibility due to multiple recent acquisitions. Client experienced the typical issues within the procurement function due to this growth. We collaborated with the client to develop and deploy a project plan that would produce an actionable plan for improving their procurement technology utilization.
Client operates in 14 global locations, all with their own supplier group using 11 different ERPs. Each operating location had their own supplier groups, limited formal procurement processes and a high degree of maverick spend. This environment of disparate systems performing the same function made it particularly difficult to operate an effective spend management program. Outside of the very limited utilization of the leading ERP solution, there was limited automation or general use of bonafide source-to-pay technology tools which limited the client to influence procurement efficiency and achieve value. Ultimately, the client desperately needed to determine what they could improve from their existing solutions and/or what else would be required in order to become a more effective procurement department.
Examined all aspects of the client’s spend management processes against the existing utilization of incumbent technology solutions in order to determine where there were opportunities to improve efficiency and effectiveness.