Case Study: a Fortune 500 global cosmetic manufacturer achieves 35% savings with GEP Nexxe

Fortune 500 Global Cosmetic Manufacturer - Customer Case Study

The customer, a Fortune 500 global cosmetic manufacturer, sought to reduce costs for corrugated packaging and standardize SKUs across its European operations. They engaged GEP Nexxe to coordinate procurement and consolidate suppliers across multiple countries and facilities.

GEP Nexxe developed a detailed supplier evaluation process, which included technical and commercial bids, e-auctions, and negotiations. This approach reduced the number of unique suppliers by 33% and identified 35% in savings, despite not always selecting the lowest-cost options. GEP Nexxe also helped the client validate that new suppliers could meet all delivery and service requirements before implementation.