#Technology #Procurement #Cost reduction

Situation

Global company in energy and telecommunication cables required a lower cost base with same or higher quality to face competitive pressures.

Approach

In the position of corporate procurement director, I developed a spend category - specific 3 year cost reduction plan to lower cost with € 48 million from a € 600 million baseline.

Achievements

Achieved € 10 million in cost savings and identified € 30 million of cost savings in year 1.