Procure-to-Pay transformation for a US chemical major

A large American consulting firm hired our services to carry out a Procure-to-Pay transformation project with a Speciality Chemicals manufacturer at 5 locations in the USA. Team of 5 with 2 of our Analysts saved $6M in a span of 6 months.

Background

Client was a large PE firm, owner of an international group of Specialty Chemicals. They had 27 plants worldwide out of which 5 in the North America were in the scope of this project. The indirect spend was $40M. Top end spend included Equipment rentals, labor services and Waste management.

Consulting firm was tasked with streamlining spend management for top-end spend and rationalising vendor base.

Consulting firm adopted our GDS model and onboarded our Analysts in their project team.

OUTBID did the heavy lifting

We supported the Consulting team in key project activities below

Complete spend analytics of over $45M and opportunity identification of $5M
Conducted Procure-to-pay process mapping. Identified gaps in governance, lead time, cost optimization and delays
Participated in solution development workshop and document to-be processes and SOP
Implementation support and program management to execute multi-round RFPs
Visuals, documentation, presentations, system development, and client training
Project management, weekly status out, SOPs and project closure documentation

" Constant support of analyst helped take load off of Managers leaving them free to engage with the client. Our analysis, documentation and project management was swift and seamless due to extra pair of skilled hands "

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