Situation
A long time member asked CoVest to aid in reigning in their international and US office supplies spend under one supplier.
Approach
CoVest aided in the information gathering process and created a comprehensive database of international line item spend. We engaged our supplier partner, Staples, to benchmark the pricing, create core lists and identify savings.
Impact
This engagement created a sizable savings opportunity for our member, as has been common with many international program expansions.
Company Description
Global Manufacturer
Category
Office Supplies
Product Sub-Categories
Current Supply Situation
Procurement Strategy
Category had been sole sourced at a country level
Time of Engagement
The implementation took approximately 2 1/2 months, with around 2 months in the front end for benchmarking, core list development and contracting.
