Case Study: Leading Specialty Chemical and Ingredient Distributor achieves $6.5M in savings and a transformed procurement function with Corcentric

Global distributor transforms procurement function with guided buying and Managed AP services

Leading Specialty Chemical and Ingredient Distributor, a global distributor with 138 North American production sites and over $1B in indirect spend, faced procurement challenges from rapid acquisition-driven growth: large tail spend, high p-card activity, decentralized processes, limited visibility into contracts and supplier relationships, and a lean sourcing team. The distributor engaged Corcentric to create a value-driven procurement strategy and deploy guided buying and managed AP/Source-to-Pay services to increase spend under management and strengthen procurement controls.

Corcentric delivered a tailored Source-to-Pay solution centered on its Guided Buying program—backed by detailed spend analysis, a help desk/buying desk model, supplier information management, P2P, sourcing, AP digitization, payments consolidation, and a GPO. Implemented in under a year, the program drives daily use by 1,000+ users, uncovered $1.2M in Guided Buying savings and contributed to $6.5M total realized savings, $300M of spend reviewed, 26 categories impacted and a 4X ROI, with Corcentric processing all supplier invoices and enabling global roll-out plans.