Case Study: a U.K. chemicals giant achieves 55% more savings than targeted with GEP

a U.K. chemicals giant exceeds savings target by 55% with GEP

A U.K. chemicals giant faced challenges in its procurement processes, including a complex direct materials cost structure, scattered data, and a global supplier network. To enhance its cost-effective supply chain and achieve substantial savings, the company sought expertise from GEP.

GEP implemented a procurement approach combining detailed analytics and negotiation strategies, focusing on total cost of ownership, market indexing, and formula-based pricing. Over a five-month engagement, GEP’s solution helped the company manage £250 million in addressable spend and exceed its savings target by 55%, delivering approximately £11 million in savings and transforming procurement into a strategic asset.

U.K. Chemicals Giant