An Indian subsidiary of a global industrial manufacturing firm drastically reduced its MRO spend through an integrated solution.
Strategic Sourcing in Travel Management
A dedicated interim procurement support helped successfully handle the combined challenge of higher level attrition and internal strategic changes.
Overview
A leading multinational software product company was undergoing strategic changes and required a dedicated support to handle its procurement operations.
Challenges
- Higher level attrition in procurement team.
- Difficulty in getting backfills for the vacant positions.
- Difficulty in managing the workload.
Solutions
Our dedicated team engaged full-time for six months and managed the procurement operations efficiently as well as provided continual practice knowledge support.
Various work streams included –
- Handled Source-to-Pay (S2P) operations.
- Fulfilled requirement of several categories including Contingent Workforce, Marketing, IT Hardware & Software, Facilities, Professional Services etc.
- Contract reviews and redlining of new engagements and renewals.
- Draft & execute SOWs for material & services contracts.
Results
Dedicated support helped the procurement department to maintain business continuity during the challenging period of internal strategic changes.
Key outcome of this exercise included –
- Ready procurement expertise to manage the crisis.
- Reliable interim support to manage the complex categories.
- Flexibility to manage the workload efficiently.
Outsourcing procurement activities can give companies access to scale, expertise, and capabilities
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