Case Study: Global Tire Manufacturer achieves 5% cost savings with Procol

How Procol Delivered 5% Savings for a Global Tire Manufacturer

The customer, a global tire manufacturer, faced challenges with limited supplier engagement, low transparency in its purchasing process, and time-consuming, high-volume negotiations. It lacked a central data repository and needed to strengthen its price discovery capabilities. The company approached Procol to leverage its digital auction platform and strategic sourcing expertise to address these issues and increase savings.

Procol implemented its advanced e-auctions platform and intelligent spend analytics dashboard to automate negotiations and provide strategic insights. This solution facilitated over 100 e-auctions, saving the company more than 5% in direct costs and over 1,000 man-hours. Procol helped the manufacturer automate 30% of its manual processes, organize its supplier data, and ultimately achieve procurement savings of over ₹5 crore per month.