Companies now often focus on the savings realized through negotiations with incumbent suppliers and competitive tendering, but with commercial levers already having been implemented, CPOs are shifting focus to other value creation levers.
Efficio was tasked with helping MEC3 refocus their procurement strategy, a partnership that proved a great success.
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In an article published by Supply Chain Dive, Alex Klein, vice president at Efficio, shares his views on the significance of procurement post-merger, and the actions needed to realise cost-savings immediately.
Efficio helped Survitec Group implement a Procurement Improvement Program. Introducing structural change to the supply chain, producing significant cost reductions.
Efficio helped Grupo VIPS to drive a Strategic Sourcing programme across its direct and indiect spend, achieving 10% annualised savings within six months.
Efficio helped Thames Water create a new operating model, a mix of classic consulting and outsourcing to increase ROI and enable them to exceed business targets.
Efficio helped National Grid to transform its Procurement operations while delivering £260m in cumulative savings to the business.