Industry:
Manufacturing, UAE
Situation:
A globalĀ manufacturing and production company was facing financial & operational issues due to unorganized buying, poor supplier management, and lack of segregation of duties. They outsourced their category management with the objective of cost optimization with quality suppliers.
Action:
Following activities were carried out:
- Data analysis and business alignment
- Streamlined procurement processes while allowing flexibility for operational needs
- Negotiated contractual agreements for high-value, high-risk categories
- Established supplier management criteria and communicated the change effectively to all suppliers
- Created a Category prioritization matrix and closed communication lines with stakeholders.
Result:
- Achieved 20% savings across critical categories
- Established contracts with clear SLA & KPIs
- Introduced new suppliers to leverage expertise and scale.