Valeo Foods

In a comprehensive 10-week program, Procure4 identified up to 6% in cost reduction opportunities by analyzing both Indirect and Direct spend, negotiating better rates, and developing tailored market strategies. This case study highlights how targeted insights and strategic recommendations transformed Valeo Foods' procurement practices, enhanced supplier relationships, and optimized overall spending. 

Procure4’s deliverables were focused on the following: 

Procure4 conducted a thorough analysis of Valeo Foods' spend, categorizing it into a bespoke taxonomy aligned with the company's existing category structure. Both Indirect and Direct spend were assessed to identify cost reduction opportunities. Through extensive engagement with key stakeholders, Procure4 developed market category strategies. This close collaboration provided Procure4 with a deep understanding of Valeo Foods' business practices, enabling tailored and effective recommendations. 

During a 10 week programme Procure4 identified a cost base reduction opportunity of up to 6% against addressable spend. The key opportunity areas were found to be in comanufacturing and raw materials. 45 category approaches were developed to guide Valeo Foods in implementing the savings plan. Process maps for all procurement-related activities, including Supplier Relationship Management, were created, along with practical “To-Be” models tailored to Valeo Foods' practices. Procure4 provided valuable insights and guidance, helping Valeo Foods recognise areas for growth and development, as well as pinpointing necessary changes. 

“Being a newly amalgamated business, it became clear that Purchasing’s role in securing a robust supply chain and optimisation of profitability was more pivotal than ever. Having recently formed a lean centralised function with focus on driving through savings we were keen to ensure we were utilising best practices to maximise efficiency, value and qualitative benefits. We were also looking for innovative new ways of working to drive continuous improvement. By engaging Procure4 to provide a rigorous assessment we were able to identify where we were working well as well as those areas where improvements were needed. Procure4 personnel worked closely with our own people to really understand our business requirements. They proposed practical, feasible options for how we could improve our processes and practices utilising technology where needed. They also helped strengthen our pipeline of cost base reduction and we now have clear direction of where we need to go and how we are going to get there.”