Each location had the autonomy to make industrial supply purchasing decisions. They could not tell what each location was purchasing and at what prices.
Organize, identify, expose cost savings and vendor consolidation opportunities by location. Achieve company wide cost reduction opportunities.
The WorkCenter organized, identified, and exposed cost savings and vendor consolidation opportunities by location. Company wide cost reduction opportunity totaling 11%.
"The ManufacturingPower Team is great to work with and they have created a tool that has simplified a tough-to-manage process. Historically, MRO has been overlooked in our company but now The WorkCenter keeps us organized and on track with opportunities. Not only have we realized year-over-year cost savings on our MRO spend, but we finally have a company-wide grasp on the entire spend category"
Keith A. - Director of Purchasing and Supply Chain
Managing multi-million industrial supply spend with little clarity into true market pricing. Growing cost-savings objectives with limited data to leverage for price negotiations and procurement task development.
The WorkCenter to organize over 10,000 part numbers and provide real-time peer-to-peer price comparison for negotiation leverage with supply chain partners.
With scheduled data uploads, The WorkCenter has increased procurement efficiencies with day-to-day task development and critical price benchmarking data. Time and cost savings made identifiable and actionable with results in analytical dashboard.
"The WorkCenter has made a huge impact in our soup-to-nuts industrial supply management process. We utilize the tool for day-to-day task development, price optimization and pricing negotiation leverage with our supply chain partners. It's an easy-to-use tool that has made a big difference".
Rob P. - Director of Continuous Improvement
Seeking cost savings and process organization. Cash is King in their business but they didn't have the resources to dedicate to Industrial Supplies. These items were low priority and a challenge to manage. They were also looking for a more efficient way to search historical spot buy and new BOM (Bill of Material) items.
The WorkCenter can expose total industrial supply spend, improve RFQ and RFP processes and organization. It will also expose hard cost savings opportunities.
One-stop-shop that has reduced RFQ and RFP development time by 50%, given a true process improvement, and has resulted in 11% cost savings opportunities.
“ManufacturingPower is filling a need that buyers really do not have time to do given the massive number of SKU's”
George Krauter - Nationally Published Author and MRO Guru