CASE STUDY: PROCUREMENT OPTIMISATION
Enabled faster proposal turnaround through efficient workflows
OVERVIEW
Enhancing procurement with smarter cost control
We empowered a European multinational capital goods company with a customised cost and price management tool, streamlining procurement and standardising pricing across a diverse product and service portfolio.
CHALLENGES
Inefficient processes and underutilised tools created problems in transitioning from sales to project execution.
Inconsistent pricing strategy
Low profit margins
Inaccurate proposals
Currency variances
APPROACH
Enhanced procurement with a step-by-step approach that led the organisation to streamline, integrate, and embrace empowered adoption.
Workflow optimisation
Assessed the existing cost and price management setup, identifying inefficiencies and gaps.
Centralised cost & price management
Standardised pricing with a centralised procurement platform for diverse products and services.
Contextualised solutions
Customised the tool with hyperlocal data, making it more relevant to users.
Seamless integration
Bridged procurement workflow gaps by integrating tools and streamlining data flow.
Data-driven insights
Implemented analytics to measure KPIs, forecast costs, track vendor performance, and conduct global and local cost and price analysis.
Empowered adoption
Provided structured training to improve tool adoption and efficiency.
IMPACT
“The procurement enablement application developed by Winverve has had an immense impact on reducing the time taken for responses on pricing-based queries. Built in record 12 weeks-time. The application is a testimonial for their hard work and dedication.”
Sr. Manager, Sales Process Automation
Global Capital Goods Company
KEY TAKEAWAYS
Delivering value through advancements centred around digital adoption.
Customised cost and price management streamlined workflows.
Seamless integration eliminated workflow gaps.
Vendor performance tracking optimised supplier selection.
Real-time analytics improved pricing accuracy and forecasting.
Training and adoption drove tool efficiency and ROI.
Customised cost and price management streamlined workflows.
Seamless integration eliminated workflow gaps.
Vendor performance tracking optimised supplier selection.
Real-time analytics improved pricing accuracy and forecasting.
Training and adoption drove tool efficiency and ROI.
Customised cost and price management streamlined workflows.
Seamless integration eliminated workflow gaps.
Vendor performance tracking optimised supplier selection.
Real-time analytics improved pricing accuracy and forecasting.
Training and adoption drove tool efficiency and ROI.