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How ProcureAbility's assessment transformed strategic sourcing opportunities for a global hospitality and entertainment company

A global hospitality and entertainment company needed to assess and evaluate their procurement function. As a result, ProcureAbility conducted an 8-week strategic sourcing assessment. During this time, we focused on creating a customized roadmap to build a structured plan, aligning their current state with best practices and helping them achieve their business objectives.

ProcureAbility’s customized solution:

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    Identify gaps in procurement organization, structure. processes and technology through stakeholder interviews and due diligence

    Our experts assessed process structure, reporting, and technology to identify opportunities and bring forward advanced forecasting best practices for the client. Additionally, this approach helped align their operations with industry-leading standards.

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    Segment opportunities by themes to outline current state and identify new ways procurement can deliver value

    Implement automated processes to improve efficiency and enhance accuracy.

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    Develop a multi-wave procurement transformation and sourcing plan roadmap based on priorities

    Improve forecasting models and streamline data preparation to create scalable, adaptable solutions.

Client impact and measurable results:

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    $2.5B in spend cleansed and analyzed into a new proposed taxonomy

    This work not only boosted performance but also fostered stronger cross-functional collaboration with IT. As a result, teams were better aligned, which in turn drove high-impact outcomes. Furthermore, by enhancing communication and coordination, the organization was able to execute initiatives more efficiently and achieve measurable business results.

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    87% reduction of spend granularity, increasing data manageability

    By elevating operational capabilities, the company implemented data-driven forecast planning and leveraged advanced inventory tools for long-term adaptability. As a result, planning became more accurate, inventory management more efficient, and the organization was better prepared for changing market demands. Additionally, these improvements laid the foundation for continued growth and operational resilience.

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    Reduced uncategorized spend from $250M to $9M through data cleansing activities

    ProcureAbility’s automation reduced manual tasks, saving thousands of hours and improving data precision. Additionally, streamlining repetitive processes allowed the team to focus on higher-value work, enhancing efficiency and supporting better decision-making.

ProcureAbility addressed $2.5B in source-able spend and uncovered 30 areas of strategic sourcing opportunities. Furthermore, the full case study shows how this entertainment business achieved measurable results through our strategic sourcing assessment.

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