Speed-to-market strategies can make or break brands in the global footwear and apparel industry. The dynamics of consumer expectations and the need for channel agility continue to squeeze margins even as working capital needs are paramount for timely investments for brand growth. Challenging times call for smart measures to save money and some of the finest footwear and apparel brands are leveraging spend visibility to identify cash on the table. As a result, procurement has emerged as a go-to resource for management that is committed to savings and working capital improvements.
Understand how GEP helped a leading footwear and apparel manufacturer initiate a comprehensive indirect procurement program, with the focus on stringent TCO audits. The result: client saved millions of dollars while sourcing over 80 percent of total indirect spend.
A must-read case study for procurement pros looking to incorporate best-in-class indirect procurement strategies to drive sustainable value.