Managed services program yields $8.2M in hard savings for food and beverage company
A Fortune 300 food & beverage company recognized the need to enhance its operational capabilities in order to manage and execute key procurement initiatives. Consequently, they sought a managed services program to accelerate the implementation of strategic projects. Furthermore, they wanted to ensure their procurement function could become self-reliant, agile, and capable of driving continuous improvement over time.
ProcureAbility’s managed services program:
Mobilized resources to document policies and procedures
We identified opportunities to accelerate and automate workflows.
Provide support in sourcing execution, contract management and operational procurement
We positioned our expert resources to provide strategic initiatives across Marketing and Sales, Capital and Operations, as well as Logistics.
Leveraged ProcureAbility's Center of Excellence for access to industry-leading best practices
Our COE included strategies, benchmarks, tools, templates, market research, and analytics.
Client impact and measurable results:
$8.2M in hard savings
These savings were across a $61M budget in managed spend and $9.6M in total value creation, including cost avoidances.
130+ projects completed
These projects spanned the source-to-spend lifecycle.
Created performance dashboards and implemented project tracking
These performance management tools enabled teams to effectively manage workloads while tracking KPIs and SLAs to improve efficiency and support continuous improvement.
ProcureAbility led a multi-year transformation that significantly strengthened the company’s procurement capabilities. As a result, the initiative delivered both cost savings and long-term growth. Additionally, the full managed services case study shows how our solution produced measurable results for the procurement team – and how we can deliver the same value for yours.
