The CEO of Taylor, a specialty chemical company, reveals how his organization achieved measurable results, fast, after a private equity owner highly recommended SGS Maine Pointe. The CEO explains:
- The challenges facing the organization with a procurement function that was not well-managed
- The solutions implemented by SGS Maine Pointe, which were tailored specifically to the company, encompassed the entire supply chain and indicated significant possible savings in both the short and long term
The results:
- Improved EBITDA by 20%
- Reduced raw material cost by 11%
- Delivered ‘quick win’ savings within 7 weeks
- Achieved a 45% improvement in payment terms (cash release)
- Established supplier agreements that guard against price increases and secure the reliability of supply
- Strengthened supplier relationships and implemented a collaborative supplier model
- Positioned the organization to capture a greater market share in a consolidating market
- Achieved a 3.5:1 ROI