SUCCESS STORY
Transformed the procurement function
Strengthening Procurement Performance at a Global Soft Drinks Company
- Procurement Enhancement Program delivered greater control, stronger relationships and sustainable value
Outcomes
Tailored Supplier Relationship Management (SRM) policy strengthened partnerships
Through new budgeting, Purchase Price Variance (PPV), and commodity tracking systems
Introduced KPIs to measure procurement effectiveness and support continuous improvement
A structured process provided a framework to manage spend and drive value
Unified policies, procedures, and templates ensured consistency and improved cross-functional collaboration
BACKGROUND
the challenge
The company’s procurement function was underperforming. It lacked resources, strategic direction, and the necessary skills to support the business. With a heavy reliance on co-manufacturing partners, this resulted in weak, transactional supplier relationships, inconsistent contract coverage, poor cost control, and production issues. The business was already under pressure from market volatility, and the lack of procurement control further impacted product availability and costs.
SOLUTION
- Sourcing and Cost Management
- Supplier and Contract Management
- Process, Systems and Controls
- Data Management
- Organizational Design
P4106