End-to-End Sourcing Process Transformation
Procurement transformation initiative completed for a food & beverage company
Problem:
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Procurement focused on immediate needs and unit price reductions
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Vague governance policies and limited spend or forecast data visibility
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Cost reductions needed to offset lower-than-expected revenues
Action:
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Created tableau dashboards with dynamic data to enable sourcing
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Developed and implemented a 7-step strategic sourcing process tailored for the organization and trained procurement team.
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Piloted the sourcing process, which resulted in 20% savings on a $30M ingredient category, using proven strategic sourcing levers,
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bundling volume across business units
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consolidating suppliers
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conducting multi-round negotiations
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sourcing from point of origin
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Launched an annual category planning process that enabled the creation of a sourcing project pipeline.
Result:
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Addressed $300M in19 sourcing events, generating $25M in savings
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Structured, repeatable sourcing process with right-sized governance
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Enhanced sourcing capabilities through hands-on training