In this second of two videos, the CFO of Qualitor, a manufacturing company, talks candidly about his organization's experience of working with SGS Maine Pointe to move procurement and logistics functions up the maturity curve. He explains that:
- The challenges facing the organization included declining market share and stagnating growth
- The solutions implemented under Total Value Optimization (TVO)™ helped to break down silos, identify overlooked pricing opportunities and improve global sourcing
The results:
- 78% EBITDA improvement across two businesses
- Annualized savings of $600K delivered in just 8 weeks
- 89% total savings for the holding company
- 21% YOY savings on direct and indirect material and logistics spend
- Infusing best practices and up-skilling internal teams to move the procurement and logistics functions up the maturity curve
- Project ROI 10.4:1