A Global Healthcare Company
A Fortune 100 global healthcare company that discovers, develops, manufactures, and markets products and services that span the continuum of care, from prevention and diagnostic, to treatment and cure. |
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| Challenges: |
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Lower costs and improve supplier performance |
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Had over 40 manufacturing locations in 130 countries with decentralized purchasing agents and disparate enterprise applications systems worldwide |
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Needed to lower its $10 billion annual purchasing "spend" and improve supplier performance |
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Lacked in-depth knowledge on how much it was spending, where it was spending, and with which suppliers |
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Needed an effective capability to implement corporate spending standards, track contract compliance, and fully leverage spend across the organization |
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Company was losing knowledge through purchasing personnel attrition |
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| Solution: |
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Needed a solution to gain accuracy, analysis, and improved spend management |
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Selected Procuri TotalSpend to improve their results by achieving an ongoing Spend Management capabilities for all purchasing professionals |
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Implemented in all domestic and global purchasing departments, Procuri's spend intelligence solution has become the company's global sourcing tool by providing: |
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• Accurate, detailed, and refreshable spend data |
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• Structured analysis reports that identify opportunities for savings |
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• Management tools to facilitate initiative deployment, supplier management |
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• Compliance assurance |
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| Results: |
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Lowered company-wide spend |
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Achieved over $250 million in savings in six years |
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Increased the expected strategic sourcing savings by 250 percent |
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Improved Supplier Management capabilities |
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Gained visibility to a comprehensive collection of supplier information, giving a complete corporate view and leverage of supplier-related activity, business relationships, and performance |
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Increased purchasing performance |
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Able to easily access critical information and harness the collective power of the company's purchasing community to enhance productivity. Chief among these is the virtual centralized purchasing community that now shares contracts, policies, procedures, management of purchasing initiatives, and knowledge |
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“We are achieving great success with the Procuri spend intelligence and collaborative solution. All our purchasing sites, managers, agents, and executives now have complete access to purchasing expenditures, related contracts, suppliers' performance information, and the collective knowledge of all our company's purchasing agents. Bottom line - we are significantly reducing costs and working smarter.” |
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See All Snapshots |
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| “Just as Kodak facilitates simplicity in capturing great images, Procuri facilitates simplicity in our sourcing processes. After our initial product evaluation and using the solutions for the last three years, we clearly understand the value strategic sourcing solutions offer to bottom line results. Procuri delivers that value with its easy-to-learn and easy-to-use solutions.” |
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| -- Kodak |
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| “The knowledge base of the staff at Procuri has far exceeded our expectations, and we’ve heard that from other industry-leading companies. Those references helped us to make the decision to use Procuri.” |
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| -- Cox Enterprises |
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