IDS Case Study: Creating Price Competitiveness in Procurement

By Keiter CPAs

IDS Case Study: Creating Price Competitiveness in Procurement

How can I negotiate a better price when purchasing supplies?

Data Science can help you achieve your business goals with tailored advice specific to your organization. Learn more about how Keiter Data Solutions solved a similar problem for one of our clients in the below case study.

Challenge and Opportunity

A privately owned global procurement and selling group wanted to enhance its supplier programs for its customers.

 

Approach

  • Consolidation in the printing industry resulted in bureaucratic and dysfunctional procurement processes.
  • Our team developed an RPA tool to automate the process of purchasing supplies for the client’s customers by creating buying groups based on similar purchase demands.
  • This tool ensured that the client’s customers could be on a more competitive footing with larger competitors who had stronger buying power.

Results

The tool was able to successfully negotiate lower prices for the client’s 377 customers representing over $4 billion in procurement sales.

 

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About the Author


Keiter CPAs

Keiter CPAs

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.

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