This home décor company’s Private Equity owners engaged Maine Pointe to help alleviate the pain of post-merger integration across five separate business units under their umbrella.
Each unit had its own unique operating practices and procurement was division centric. In a highly complex environment, the PE firm tasked Maine Pointe with implementing a cohesive and effective approach that would transform the disparate procurement functions of the five entities into one single, homogenous company with a common set of integrated processes capable of delivering EBITDA value.
Maine Pointe's 360-degree analysis confirmed the siloed nature of the procurement functions. Procurement roles and responsibilities varied significantly between business units with little or no accountability for cost ownership, a lack of formal contracts with suppliers, disparate ERP systems and a universal failure to leverage spend. Only one of the entities showed any evidence that a strategic sourcing process was in place.
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