transformation and cost reduction programme for leading european retailer
The board hired 4C to run a holistic transformation of the GFR procurement function covering sourcing processes, strategic category planning and savings delivery. GFR included hardgoods, textiles and food procurement.
We undertook a full spend diagnostic to understand buying cycles, maturity of procurement execution and process effectiveness. We carried out a deep-dive at category and sub-category level followed by thorough opportunity validation process.
4SPEND allowed our teams to identify in each category multiple projects from short-term cash collection to long-term value delivery with an unprecedented accuracy and efficiently.
New global procurement structure aligning all entities, full process redesign and upskilling of procurement community (200+ employees)
Advanced should-cost modelling enabling greater negotiating leverage and increased savings