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Flying Monk Group - Specialist Purchasing & Supply Chain  consultants
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Raw Materials Strategic Sourcing

Industry - Cosmetics/Healthcare (Contract Manufacturing)

Issue

  • As part of an overall focus upon cost reduction, in a market with declining margins, raw materials purchase spend was targeted

Solution

  • A combination of senior management coaching, workshops, and training events were used to assist this client in the development and implementation of a new sourcing strategy for raw materials

Benefits

  • Forecast savings of 5-15% of total raw materials purchase spend
  • A clear understanding of supplier base capability and alternate sources of supply
  • A process through which to continually benchmark and monitor raw materials purchase spend
  • An increase in skill levels of the central purchasing team

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