Strategic Sourcing Saves $4 Million for Specialty Chemical Company

Topics:
Sourcing
Tags:
Engineering,
PRTM,
Strategic Sourcing
Source:
PRTM

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Overview: The $300 million division of a specialty chemical company was struggling through the back end of an economic downturn. Annual sales had slipped 11%, raw material costs were up 16%, and the company found it difficult to raise prices on its products. PRTM was asked to design and implement a program to offset the rising raw materials costs with reductions in direct and indirect spend categories. PRTM led a client team that applied our strategic sourcing process to identify and address key savings opportunities.

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