A leading pharmaceutical company in Nigeria achieves cost savings of N50M+ in procurement within 12 weeks
December 17, 2016 0Case studies
Challenge
Sub-optimal procurement department and lack of adequate technology leading to operational silos negatively impacting revenue and actualization of sales budget
Intervention
Banyantree assessed business operations to identify and implement strategies to reduce cost and increase operational excellence through:
- Restructuring, retraining and recruitment of Supply Chain and Operations teams
- Provided out-sourced management of procurement and supply chain teams
- Design and implementation of procurement strategy (plan) for FY16
- Spend categorization and supplier portfolio management
- ERP design & implementation
Result
- Achieved cost savings of N50M+ in procurement within 12 weeks of engagement
- Drove 120%+ sales target achievement through a restructuring of the Sales and Operations function