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Client Video: Continuity of supply and consistency of pricing in a volatile global market

 

The CEO of Klaussner Home Furnishings discusses how SGS Maine Pointe worked with his team to protect the continuity of supply and consistency of pricing in a volatile global market. He explains that:

  • The challenges facing the organization were primarily based in sourcing and logistics
  • The solutions implemented by the SGS Maine Pointe team included a rigorous six-step strategic procurement process and the creation of a procurement management operation system (PMOS)

The results:

  • Generated ~5% in savings in an increasing commodities market​
  • Improved procurement maturity through rigorous strategic 6-step procurement training​
  • Created and installed a procurement management operating system (PMOS)​
  • Established cross-functional teams to analyze business requirements, identify improvement opportunities and execute value-creation initiatives​
  • Facilitated efforts to align objectives, goal setting and accountability​
  • Improved EBITDA by 10%
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