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