Procurement Tools

Client: Pharma

Issue: The client, a pharmaceutical company, was facing rising prices and a supplier-driven market, limiting their ability to control costs and negotiate effectively.

Solutions:

To address these challenges, we introduced an on-demand e-sourcing solution with reverse auction capabilities, enabling competitive supplier engagement and real-time bidding to drive better pricing and market responsiveness.

Results:

Supplier monopoly broken, increasing competition and reducing dependency on a few suppliers.

Transparent tenders ensured fair and auditable procurement processes.
Achieved savings of 32%, delivering significant cost reduction while enhancing procurement visibility and control.

This engagement highlighted the power of digital procurement tools in transforming supplier dynamics and unlocking substantial value in challenging market conditions.