A global hospitality and entertainment company needed to assess and evaluate their procurement function. ProcureAbility’s 8-week strategic sourcing assessment focused on creating a customized roadmap to build a structured plan that elevated its current state against best practices and achieve their business objectives.
ProcureAbility’s customized solution:
Identify gaps in procurement organization, structure. processes and technology through stakeholder interviews and due diligence
Our experts assessed process structure, reporting and technology to bring forward advanced forecasting best practices for the client
Segment opportunities by themes to outline current state and identify new ways procurement can deliver value
Develop automated processes to boost efficiency and accuracy
Develop a multi-wave procurement transformation and sourcing plan roadmap based on priorities
Enhance forecasting models and data preparation for scalable, adaptable solutions
Client impact and measurable results:
$2.5B in spend cleansed and analyzed into a new proposed taxonomy
This work not only improved performance but also significantly improved cross-functional collaboration between IT, to drive aligned, high-impact outcomes
87% reduction of spend granularity, increasing data manageability
With elevated operational capabilities, the company achieved data-driven forecast planning with advanced inventory tools for long-term adaptability
Reduced uncategorized spend from $250M to $9M through data cleansing activities
ProcureAbility’s automation advancements significantly reduced manual tasks, saving thousands of hours and enhanced data precision
ProcureAbility addressed $2.5B in source-able spend and identified 30 areas of strategic sourcing opportunities. Access the full case study for more details on how this entertainment business achieved measurable results through our strategic sourcing assessment.
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