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VIPS, Goldman Sachs

  • Conducted Opportunity Assessment on all spend across all 350 restaurants of the group identifying major opportunities in food procurement
  • Launched first wave of Strategic Sourcing addressing the bulk of the food spend
  • Applied competitive leverage, specification optimization and long term indexed agreements with extensive use of eSourcing tools
  • Launched a second wave addressing the remaining tail spend
Are my procurement savings hitting the bottom line?
Insight
Are my procurement savings hitting the bottom line?

Procurement technology can now record and track cost reductions for Private Equity owners and their portfolios.

VIDEO: The CFO's role in unlocking the value in procurement
Video
VIDEO: The CFO's role in unlocking the value in procurement

As part of 'The Future of the CFO' series published by Business Reporter, Alex Klein, COO of Efficio and Carl Barnes, CFO of the Academic Publishing division at Informa discuss the role of the CFO in unlocking the value of procurement.

WANTED: Proactive CFO to optimize procurement and drive cost savings
Insight
WANTED: Proactive CFO to optimize procurement and drive cost savings

Maximizing profitability, reducing costs and managing financial risks are key to the role of the CFO. Yet some CFOs are missing savings opportunities.

M&A procurement: How to achieve synergy savings post-merger
Insight
M&A procurement: How to achieve synergy savings post-merger

After a merger or acquisition all eyes are on procurement to deliver short and long-term cost savings. So how do you turn M&A promises into action?

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