Consultants possess a broader overview and can identify savings even where the in-house team cannot discern them.
Savings were realised by changing suppliers and determining procurement costs more transparently. In some cases, the savings would not have been large enough to make any changes commercially viable, but because the company is managed by headquarters with a mandate for cost control, it was very important for it to have validation from external specialists that it had its cost base under control.
Industry: Steel production and processing
Cost categories and cost reductions realised:
Packaging 8%
Consumables 14%
"We have gained enhanced visibility of pricing and, thanks to the collaboration, we now also possess an expanded supplier portfolio." [Roman Weiss, Chief Financial Officer – Greif]
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