Case Study: Leading Specialty Chemicals Producer Company achieves $15M in savings and optimized global sourcing in four months with GEP

Specialty Chemicals Manufacturer Saves Over $15M in Four Months Through Strategic Sourcing

A leading resins and specialty materials manufacturer sought to reduce direct costs across North America, Europe and Asia—its top five raw materials represented 60% of combined spend—and to leverage global buying power, increase price transparency, reduce spot buying and rebalance vendor‑favored multiyear contracts. Regional supplier monopolies, complex temperature‑controlled shipping requirements and uneven buying power across regions further complicated sourcing and contract compliance.

GEP profiled raw materials, analyzed pricing and supply dynamics, developed cross‑regional go‑to‑market strategies, issued 60+ RFPs and ran multiple negotiation rounds, and delivered category playbooks and templates. The engagement generated over $15 million in value in four months, reduced spot buying and improved contract compliance, enabled collaborative global sourcing to maximize volume leverage, and put processes in place for ongoing savings.