ProcTek Delivers 16.75% Savings for Leading Minerals Manufacturer

About the Client:

The client is one of India’s largest industrial minerals and metals manufacturing conglomerates, supplying raw materials to sectors such as steel, cement, automotive, ceramics, and chemicals.

25+ years of industry presence
8 production units across India
Annual procurement volume > ₹200 crore specifically for minerals
Regular procurement of Silica, Dolomite, Bauxite, Calcium Carbonate, Minerals Additives, and Metallurgical Inputs

The organization runs complex multi-plant sourcing operations with a critical dependency on timely mineral supply to ensure uninterrupted production.

Challenges Before Proctek:

Despite its scale, the client faced several procurement challenges:

Challenges	Impact
Price volatility in mineral supply markets	Increased cost per order
Manual RFQs and quotation comparisons	Slow decision cycles
Limited visibility across multiple plants	Missed consolidated buying opportunities
Supplier bias and repetitive sourcing	No competitive price discovery
Inconsistent documentation and tracking	Risk of compliance gaps

These challenges contributed to higher procurement costs and unnecessary spend leakage across plants.

Proctek’s Digital Procurement Intervention

To solve these issues, the organization adopted Proctek - Matex Technologies’ Digital Procurement Platform for end-to-end sourcing of minerals.

Key Digital Enhancements Introduced:

Digital RFQ + Multi-vendor Bidding
Automated Comparison Sheets with Landed Cost Visibility
Bulk Purchasing Across Plants via Consolidated Demand Planning
Anonymous Competitive Bidding to Ensure Fair Pricing
Approval Workflows for CFO-Level Visibility & Governance

Proctek enabled real-time competition among qualified mineral suppliers and eliminated manual negotiations & price follow-ups.

Result & Financial Impact

After 4 months of digital procurement transition, the impact was significant.

Metrics	Value
Initial Estimated Procurement Value	₹2,08,89,23,969.12
Final Value After Proctek Digital Auctions	₹1,95,21,04,711.71
Total Procurement Savings	₹13,68,19,257.41
Overall Savings Percentage	6.55%

Strategic Impact:

Reduced procurement cost without compromising delivery timelines
Standardized sourcing across plants with zero manual price negotiations
Improved compliance & spend transparency for auditors and CFO oversight
Strengthened vendor competition leading to better market-aligned pricing

Conclusion

Digital procurement through Proctek transformed a traditionally negotiation-driven minerals sourcing process into a data-driven, transparent, resilient model. The transition delivered ₹13.68 crore direct cost savings and enabled the client to adopt an institutionalized procurement governance framework, ensuring sustainable savings year after year.

How Proctek Helped a Leading Minerals Manufacturer Save ₹13.68 Crore in Procurement - A 6.55% Cost Reduction Without Compromising Supply Continuity

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