Case Study: a specialty chemical manufacturer saves $35M in procurement with Maine Pointe

Specialty Chemical Manufacturer saves $35M in year 1 with Maine Pointe

A specialty chemical manufacturer was struggling with a lack of control over its $1.7 billion procurement spend. The company, which operated over 3,000 sites globally, lacked standard processes and trustworthy data on its conversion costs. This led to redundant contracts and suppliers bidding on inconsistent specifications. Maine Pointe was engaged to address these strategic procurement challenges.

Maine Pointe analyzed both direct and indirect spend to establish trustworthy data and clarify specifications. They evaluated and streamlined suppliers, stopping the proliferation of redundant contracts. Maine Pointe also reorganized and trained the global procurement team to lock in savings. As a result, the manufacturer saved $35 million in the first year, achieved a 5.3:1 ROI, and improved visibility into spend for sustained savings.