The India subsidiary of one of the world’s global powerhouses partnered with Proctek for strategic sourcing and e-negotiation. The partnership helped the client make a whopping 8% savings in its procurement cost in various categories.
Challenges Faced:
- The client's procurement process, reliant on third-party ERPs and negotiation software, yielded unsatisfactory outcomes.
- Seeking an independent, user-friendly, and universally accessible module for multi-departmental procurement negotiations became imperative.
Solution Offered:
- Proctek's platform not only resolved existing challenges but also offered bespoke customisation.
- The userfriendly module revolutionised vendor interactions, enabling round-the-clock, multi-department procurement events and swift online deal closures.
Benefits:
- Independent, tailored procurement module
- Accelerated deal closures with increased purchase order rollouts
- Streamlined price discovery and negotiation
- Annual savings of 11%, impacting revenue and profitability positively
Client Satisfaction & Future Plans:
- Over the last months, the client witnessed substantial benefits, leading to increased commitment to the Proctek platform.
- They now conduct over 30 procurement events monthly across two manufacturing plants.
- They are aiming for further improvement in their bottom line by getting other departments and units to use the Proctek platform.
Proctek's solution not only benefited the buyer but also elevated the suppliers experience. They gained enhanced visibility, hassle-free online sales, and expanded market access.
