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Hearst Communications Inc

  • Undertook a detailed spend analysis on £100m of spend and categorisation more than 11,000 vendors for the UK magazines business
  • Worked with stakeholders to develop a pipeline of sourcing plans for the key spend categories
  • Delivered more than 30% savings on selected categories through a strategic sourcing process  
  • Developed an organisational improvement model and transition plan to ensure smooth implementation 
10 steps to procurement excellence
Guide
10 steps to procurement excellence

The 10 stages that helped media business KNect365 take its procurement performance from ‘basic’ to world-class

KNect365: building a best-in-class Procurement function
Case study
KNect365: building a best-in-class Procurement function

How Knect365's new Procurement function signed off £5.8m in annualised savings in just six months

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