CASE STUDY - PROCUREMENT SERVICES

An Industry Leading Global Digital Font Design Company

3
Client savings
24
Savings %
1
Location
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CCM placed a procurement professional within the client's organization to drive savings, and control procurement objectives.

Objectives

Bring visibility to its external spend, drive savings, and control procurement. Bring focus on supplier risk and create an internal environment for a consistent vendor oversight.

Challenges

  • No formal procurement organization and strategies.
  • No standard procurement policy or process.
  • Limited competitive market knowledge.

Outcomes

Procurement Strategy

Developed a corporate procurement strategy and process, along with centralized audit of spend and new planned purchases/upgrades.

Reduction of Risk

Reduction of risk through centralized vendor contract review with established policies.

Systematic Vendor Review

Standardized and right-sized current vendor deals to the current corporate needs and market best pricing. Added subject matter expertise to all key renegotiations and purchases.

Optimized Contractual Terms

Optimized contractual terms, including pricing, to ensure maximum benefit t o the client; implement ongoing market benchmarking of key suppliers

Solutions

  • Completed holistic assessment of policies, processes, organizational structure, and systems.
  • Presented new purchasing/procurement models to client decision makers, made recommendations on how to move forward, and guided client into a decision on which model/models worked best in their environment.
  • Performed an in-depth vendor analysis and identified potential cost savings.
  • Organized a large cost savings initiative across the organization.

Results

  • Reduction of risk to the Firm through centralized vendor contract review.
  • Ongoing and systematic vendor review.
  • Departments offload purchasing tasks to centralized procurement function.

“Monotype brought in CCM several years ago to establish a centralized procurement function and initiate an expense reduction program. Today, we rely on a CCM’s outsourced procurement team to manage our key supplier renewals and lead the overall procurement process.”

Keith StuartVP. Controller/Finance – Monotype

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