How a top utility company was able to recognize $350M+ in savings with custom sourcing solutions from ProcureAbility
When a leading utility provider faced inefficiencies in sourcing and procurement, rising costs, and process bottlenecks, it recognized the need for a strategic transformation to streamline its source-to-contract lifecycle. Specifically, the company confronted several interconnected challenges: it needed to integrate procurement more effectively with existing cultural and business processes, implement a flexible and scalable model that delivered high-caliber talent without excessive costs, and enhance service delivery by optimizing workflows, maximizing team capabilities, and improving overall operational performance.
ProcureAbility’s tailored strategic sourcing solution:
Scalable programmatic delivery
By leveraging expert-led, scalable solutions, our team designed tailored strategies, ensuring alignment with organizational goals.
Customer-centric execution
We focused on leveraging industry-leading best practices, market research, and advanced analytics. This approach ensured that every decision was informed by deep market insights and proven methodologies.
Business process improvement and automation
Through a combination of process optimization and targeted automation, we identified bottlenecks, and implemented automation solutions to handle repetitive, tactical tasks such as purchase order creation, approvals, and supplier communications.
Client impact and measurable results:
Established a robust project management framework
As a result of these efforts, this work achieved $350M in total contract value savings, thereby delivering an impressive 15x ROI.
47% reduction in PO processing times
Developed process documentation and supporting program tools to standardize workflows and enhance efficiency.
10%+ increase in DBE sourcing event participation
Managed the end-to-end RFx process, including event setup on the e-sourcing platform, analysis, facilitating award decisions, and coordinating supplier onboarding.
Discover the full case study to learn how this leading utilities provider successfully optimized its sourcing strategy and achieved a comprehensive procurement transformation. By partnering with ProcureAbility, the company was able to streamline processes, enhance service delivery, and implement a more cost-effective procurement model. Explore the detailed insights, actionable strategies, and measurable outcomes that illustrate how strategic collaboration and innovative solutions can drive lasting impact across the procurement function.
