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Solution: Launch live eSourcing events: Onboard 7 sourcing teams in 4 months towards savings and process efficiencies, and also establishing a repository of standardized, category-specific sourcing templates for future re-use. Consolidate and replace multiple solutions into one standard, efficient process allowing for improved knowledge management and collaboration, as well as better negotiations and supplier evaluations throughout the organization.
Results: The initial events were completed in 13 days and resulted in 24% savings when the start price and the lowest qualified bid were compared. In less than 4 months, the retailer’s sourcing teams have run over 50 events to successfully ramp up their eSourcing activity and program, achieving 50% ROI in the first quarter.
About the Solution Provider: NeoGrid delivers quick time to value through our fast-to-implement next generation supply chain solution - which provides analytics, planning and execution from production to store shelves in a global cloud-based platform. Welcome to the next generation of integrated supply chain solutions for leaders!
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