About Client:
A leading manufacturer with multiple facilities, this company is known for high-quality industrial solutions and complex supply chains while prioritizing operational efficiency and cost-optimized procurement.
Challenges Faced:
- Rising operational costs and the need for optimized hardware procurement across multiple facilities led to mounting pressure on the company’s overall margins.
- Lack of a centralized supplier database restricted market price discovery and competitive bidding opportunities.
- Manual negotiation processes resulted in low supplier engagement and extended procurement timelines.
- Limited transparency hindered internal audits and stakeholder reporting, posing risks to compliance.
- The need to onboard verified, price-competitive suppliers for specialty hardware further complicated sourcing.
Solution Offered:
- ProcTek enabled seamless participation from verified, competitive suppliers through its advanced e-auction platform.
- Intelligent procurement analytics delivered real-time spend analysis and market insights for every hardware category.
- Automated quote collection and negotiation processes cut manual intervention by over 40%, reducing turnaround time.
- The platform matched and exceeded client expectations, facilitating hardware procurement worth ₹1.78 Cr and delivering savings above industry benchmarks.
- Strategic onboarding of multiple suppliers improved visibility, enhanced engagement, and ensured full transparency across the procurement cycle.
Impact:
- Rs. 29.83 Lakhs
- Rs. 1.78 Cr+ Total Procurement Value
- 16.75% Direct Cost Savings
Overall Savings
for the Client:
₹29.83 Lakhs
