Conducted comprehensive strategic sourcing assessment for franchise organization with annual direct and indirect material spend of $1.2 Billion. Realized first year savings of $93 Million by creating and implementing new sourcing program.
Scope: spend analysis (internal and external data), the total cost of ownership determination, reporting, benchmarking, organizational restructuring, policies and procedures, RFPs, negotiations, supplier management programs, contract creation, risk management, KPIs, savings tracking, IT recommendations, training, and departmental hiring.
- Results: centralized, standardized, and streamlined sourcing processes/policies/tools, comprehensive spend profile, spend compliance, category management, supplier management and collaboration programs, robust contracts and contract management, performance improvement programs, risk mitigation, and sustainable savings.