How a top utility company was able to recognize $350M+ in savings with custom sourcing solutions from ProcureAbility
When a top utility provider faced inefficiencies in its sourcing and procurement operations, escalating costs, and process bottlenecks, it sought a strategic procurement transformation to streamline its source-to-contract lifecycle. Their key procurement challenges included:
- Lack of procurement integration. The company needed external expertise to seamlessly align procurement with cultural and business processes.
- Cost-effective procurement model. Seeking a flexible, scalable approach that delivered high-caliber procurement talent without excessive costs.
- Enhanced service delivery. A refreshed procurement strategy to optimize workflows and maximize team capabilities.
ProcureAbility’s tailored procurement solution:
Scalable programmatic delivery
Industry-leading procurement experts equipped with agile, on-demand teams
Data-driven decision making
Implementing advanced procurement analytics, market intelligence, and industry best practices
Process optimization and automation
Business process improvements and RFx automation for enhanced efficiency
Client impact and measurable results:
Established a robust project management framework
This work achieved $350M in total contract value savings, delivering an impressive 15x ROI
47% reduction in PO processing times
Created process documentation and other program tools
10%+ increase in DBE sourcing event participation
Developed end-to-end management of RFx process including management of event on e-sourcing platform, analysis, award decision facilitation, and supplier onboarding
Access the full case study for more details on how this utilities provider optimized their sourcing strategy and achieved procurement transformation by partnering with ProcureAbility.
