CASE STUDY

Procurement strategy improvements for a leading specialty chemical manufacturer

Summary

Guided a global chemical manufacturer to revitalize its procurement strategy, focusing on scenario planning and future-proofing the supply network to drive growth and maintain a competitive edge.

focus areas

Challenge

The client grappled with accelerating spend, fluctuating market demands, supply chain disruptions, and the need to align procurement with sustainability goals and stakeholder expectations.

Solution

Crafted a robust, future-oriented procurement strategy that aligned with the company's urgent value-creation goals. This included:

Scenario planning workshops: Assessed future scenarios and their potential impacts on procurement and supply chain operations.

Digital transformation: Implemented advanced tools, AI, data analytics and team skills to enhance decision-making, supply chain visibility, and predictive insights.

Sustainability integration: Embedded new environmental, social, and governance (ESG) objectives into procurement practices essential for creating differentiated customer value.

Results

Our strategic overhaul transformed the company’s procurement function, yielding significant improvements and setting the stage for long-term success. Our work:

Increased supply network resilience by 50 percent by strengthening readiness for global market fluctuations and disruptions.

Reduced relative procurement costs by 30 percent by improving supplier negotiations, strategic sourcing, and predictive contracting.

Improved stakeholder satisfaction by more than 25 percent by better aligning procurement strategies with business and ESG goals.

Our strategic overhaul transformed the company’s procurement function, yielding significant improvements and setting the stage for long-term success.

Case Study

Procurement strategy improvements for a leading specialty chemical manufacturer