Manufacturing companies using preprocessed raw materials to produce finished goods usually have limited visibility into key cost drivers that impact the pricing of these raw materials. These manufacturers find themselves at the wrong end of the bargain and face the challenge of suboptimal raw material pricing.
Learn how GEP assisted a $10 billion-plus Fortune 500 food manufacturing client build a cost clean sheet model and understand factors that impact its preprocessed raw material pricing to leverage key negotiation levers and realize its saving goals. In addition, GEP also helped the client identify and implement cost-saving methods to reduce its overall operational spend in the Asia-Pacific region.
A must-read case study for procurement professionals looking to drive higher savings through strategic sourcing.