Transforming from Tactical to Strategic Sourcing

A North American company that specializes in large-scale marine projects identified an opportunity to drive significant cost savings through strategic sourcing. An initial effort to source a single category proved fruitful– generating double-digit percentage cost savings–but the company’s procurement team lacked the requisite sourcing skills, knowledge, and organizational buy-in for broader implementation.

Results
Through ProcureAbility’s efforts and expertise, we surpassed the client’s savings target and their expectations on value delivered against the categories we sourced. The company’s procurement team is now focused less on putting out fires than it is on creating long-term value for the organization.