Over 400 raw materials, 350 suppliers and 4 regions.
It was clear to a global chemicals company that its large, fragmented supply base was driving up direct costs and creating a long tail.
The company decided to consolidate its vendors across geographies and combine the sourcing of common materials globally to reduce costs and complexity. GEP was chosen as a partner.
Find out how GEP executed a global sourcing strategy, negotiated for favorable contract terms and reduced the supplier base by 70%, gaining the client 12% higher EBITDA margins on direct tail purchases.
This case study is a must-read for procurement professionals looking to leverage their organization’s global buying power to drive greater benefits.