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.
Theme: Procurement
RECOMMENDED
Featured
The Cost-Plus World of Supply Chains: The Macroeconomic and Geopolitical Environment
As geopolitical and macroeconomic concerns increase, this survey-based Economist Impact-GEP report looks at what companies are doing to manage the resultant supply chain challenges.
White Paper
Ending Gain Drain: Strategic Sourcing Programs and Compliance
This white paper discusses some common pitfalls of strategic sourcing initiatives, and strategies to enforce a robust compliance process and ensure procurement can drive sustainable results.
