Chemicals Giant Achieves Huge Savings With GEP's Expertise

A MUST-READ FOR PROCUREMENT LEADERS

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Chemicals Giant Achieves Huge Savings With GEP's Expertise

For a U.K. chemicals giant, enhancing its procurement processes was high on its priority list to maintain a cost-effective supply chain. Plagued by a number of operational challenges, it wanted to refine its direct materials cost structure, manage scattered data and negotiate with a global supplier network to achieve substantial cost savings.

The chemicals company sought GEP’s help. GEP's approach combined detailed analytics and negotiation strategies. By focusing on total cost of ownership, market indexing and formula-based pricing, GEP didn't just meet the company's savings expectations; it exceeded them by 55%, resulting in approximately £11 million in savings.

Discover how GEP's focused, analytical approach to procurement yielded substantial results.

GEP Helps Leading Chemicals Company Exceed Savings Target by 55% — Here’s How

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