Case Study
Seamless supplier collaboration unlocks $21M value across 8 partners for a Fortune 500 chemical company
- Industry: Chemicals
This global entity is one of the largest in the plastics, chemicals, and refining industries. It is publicly traded and features on the Fortune Global 500 list. The company has a presence in over 100 countries and multiple manufacturing sites across continents.
Challenge
- Inefficient and fragmented supplier collaboration workflows
- Lack of real-time visibility into evolving constraints and market conditions
- Missed opportunities for value realization in material planning and procurement
Solution
- Implemented a supplier collaboration suite that offers rich, secure collaboration workflows
- Enabled early visibility into evolving constraints and market conditions
- Captured cost-saving opportunities and eliminated leakage in material planning and procurement
- Rigorous master data management, technology integration, and change management were part of the solution enablement
Capabilities leveraged
Data & Analytics
Process Transformation
AI & ML
Application Development & Modernization
Outcome
$21M+
Value enabled across 8 suppliers
Enhanced agility and resilience in the supply chain
Improved supplier relationship management
Faster time-to-market for products and services
Increased operational efficiency