Procurement Analytics Case Study | The Smart Cube
Description
A global biopharmaceutical company – with over $5 billion spend under management across 50 direct and indirect categories – embarked on a pharma procurement transformation programme.
As part of this programme, the client identified that its current category management process lacked consistency and rigour. Though the internal category teams were very experienced and experts in their domain, they did not have time or resources to proactively look for external trends and best practices, or work on new ideas that could satiate the evolving demands from internal business stakeholders.
The increase in the number of planned product launches added further pressure on procurement to deliver on targets.
The client sought an external partner who could provide the specialist skills and intelligence experience across its spend categories. After a thorough examination of service providers, The Smart Cube was chosen as the procurement intelligence and analytics partner to work with the client’s global category teams on the transformation journey.
The Smart Cube Procurement Analytics Case Study conducted diagnostic workshops with category teams and senior leadership to understand long-term vision and goals, assess the current situation and identify gaps. These insights formed the basis of a collaborative process to design a bespoke solution and engagement structure.
Due to the involvement of multiple business units, and a decentralised organisation structure, an agile and flexible approach was adopted to come up with custom solutions and models for different teams, albeit delivered and managed centrally.
The solutions incorporate a mix of skill-sets across primary and secondary research, advanced data analytics and patent insights, delivered seamlessly through our cloud-based technology platforms. A combination of on-site and off-site category specialists are aligned to the client to navigate through disparate data systems and ensure rigour in the category management and sourcing processes.
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