Single Complex Sourcing Event Saves Fortune 500 Life Sciences Company $3.5 Million Across Distributed Business Units
A global pharmaceutical and life sciences company—home to nearly 150,000 employees—takes in over $50 billion USD annually. In the US, the company’s divisions often operate separately in their sourcing and distribution activities, causing unnecessary spending and inefficiencies from managing multiple supplier relationships.
In our success story, Single Complex Sourcing Event Saves Fortune 500 Life Sciences Company $3.5 Million Across Distributed Business Units, you’ll get insights on how this pharma-life sciences leader:
- Reduced supplier count per event by 30 percent through consolidation
- Achieved over 9% cost savings in awarded lanes
- Standardized data across divisions in less than one month