Chemicals
Cost Reduction, Process & IT Systems Optimization
Case Study
Sourcing cost reduction for a chemical firm
Client situation
A large chemical manufacturer was in process of revising its sourcing strategy and process as part of a major cost saving initiative
Project approach
SDI analyzed the baseline spend and purchasing patterns, evaluated and streamlined the RFP process, as well as established standardized bid evaluation, vendor selection, and negotiation processes
Outcome
SDI’s sophisticated sourcing baseline analysis identified significant potential savings on current contracts and vendors that were set to be revisited with the newly developed RFP / vendor selection processes