This work was performed for a $600M Medical Device Contract Manufacturer in a Large-Cap Private Equity fund with more than $25B in investments
PSS Role
- PSS was engaged to complete a company wide spend assessment on $200M+ in spend & in turn execute on sourcing categories.
- Managed sourcing process for 16 categories with $74.8M in combined spend. Categories completed and implemented include:
- Transportation (Small Parcel/LTL/FTL)
- Indirects (Travel, Utilities, Scrap, Temp Labor, Uniforms)
- Health & General Insurance
- MRO & Outsourced Processes
- Metals, Components
- Oils & Lubricants
Outcome
- PSS achieved significant savings ($9.3M) and was able to take advantage of market conditions
- Savings on certain categories were as high as 18% (on MRO Category)
- Currently Tracking at 12.5% in savings for categories completed
- Developed roadmap for new Center-led strategic sourcing team
