Hologic Creates Strategic Advantage with Procurement Solution
How to build quantifiable advantages into the purchasing environment
The management of indirect spend on goods and services—including research supplies—and the strategic leveraging of buying power is a critical requirement for medical product manufacturers such as Hologic. But better visibility was needed at the company, as every department purchased goods and services separately. This meant that Hologic was missing out on the value they could realize if they centralized and leveraged their spend collectively. With JAGGAER solutions, over 800 suppliers were enabled on company electronic catalogs, and user adoption rose swiftly. The result was a more efficient process, starting from the initial product search through the distribution of orders to suppliers.
Read the success story to find out how Hologic:
- Saved more than $1.5 million in spend in the first year alone
- Cut approval times from three days to just minutes
- Reduced pCard usage by 55 percent