Double-digit reductions in indirect spend
Market Strategy Group worked with an $800M global manufacturing company to identify between 8-13% annual savings on approximately $30M of indirect spend. We performed detailed analytics and benchmarking on high-opportunity categories to identify opportunities for sustainable and tangible bottom-line savings. In the process, we also identified ways to align the organization around cost-optimizing behaviors and set the company up to recognize these savings on a sustainable, long-term basis. The combination of price improvements, process efficiencies, and organizational alignment resulting from this engagement have established a platform for profitable growth that the company should be able to leverage for years to come.