Case Study: Global Chemical and Foods Company achieves 80% time savings and 6% net landed cost reduction with GoComet's RFQ module

How enterprise companies can automate their reporting and negotiation process

Global Chemical and Foods Company, a Mumbai-based leader in oleochemicals and personal care products with operations across Asia, North America, Europe and Africa, faced a cumbersome, manual export procurement process for spot freight. A single user was collecting quotes from about 30 vendors via email and calls, negotiations and comparisons were slow, vendor onboarding was limited, audits were time-consuming, reporting was fragmented, and visibility into net landed cost was poor — so they engaged GoComet and its RFQ module to digitalize rate procurement and freight management.

GoComet implemented its RFQ module so users only needed to create enquiries while the platform handled compilation, reporting and negotiations, replacing paper, Excel and email workflows. The result: end-to-end transparency and auditability, an 80% reduction in time spent on procurement tasks, vendor count growth from 30 to 100 with over 50% regular participation within a year, procurement consolidated monthly to cut repetitive work, and more than 6% savings in net landed cost — all delivered by GoComet’s RFQ solution.