A top Australian-based packaging company with global operations, multiple geographic supply bases, and a historically decentralized procurement department. The client sought to leverage global purchasing power through supplier consolidation.
Solutions
ElectrifAi solution classified spend over 400 unique business commodity segments and performed the Data Validation, Data Cleansing and Consolidation, Vendor Clustering and Parenting, Spend Classification and Data Extraction every quarter.
Outcomes
3%
spend reduction for 5 years in a row
Provide negotiating leverage through data across a global operation
Unlock value quickly despite decentralized procurement
Average reduction in spend of 3% year over year for the past 5 years.
