A $4B North America-wide transportation organization entered into a long term arrangement with AArete to drive sustainable cost savings and introduce best practices for the enablement of procurement transformation. AArete implemented their managed procurement solution which created a robust strategic procurement function that would drive cost savings, standardized policies, procedures and category management efforts.
Results & Benefits
AArete responsible for leading all purchasing efforts exceeding $10K. Through the application of AArete Market Intelligence, standardized procurement methodologies and proven negotiation strategies, AArete achieved over $45M in total savings across $360M in spend over a three year period. AArete also partnered cross functionally with the CEO, CFO, CIO, Business Strategy and Legal teams to develop and implement a comprehensive global and centralized procurement process. AArete formed key partnerships with a myriad of business unit leaders to help champion the adoption and implementation of the new state.