The CEO of Klaussner Home Furnishings discusses how SGS Maine Pointe worked with his team to protect the continuity of supply and consistency of pricing in a volatile global market. He explains that:
- The challenges facing the organization were primarily based in sourcing and logistics
- The solutions implemented by the SGS Maine Pointe team included a rigorous six-step strategic procurement process and the creation of a procurement management operation system (PMOS)
The results:
- Generated ~5% in savings in an increasing commodities market
- Improved procurement maturity through rigorous strategic 6-step procurement training
- Created and installed a procurement management operating system (PMOS)
- Established cross-functional teams to analyze business requirements, identify improvement opportunities and execute value-creation initiatives
- Facilitated efforts to align objectives, goal setting and accountability
- Improved EBITDA by 10%