Case Study: a leading logistics company achieves 8.3% cost savings and faster procurement with Procol

How Procol Delivered 8.3% Cost Savings with Time Efficiency in the Logistics Industry

The client, a leading logistics company, faced significant challenges in its procurement process, including a lack of transparency, inefficient manual operations with a 60-90 day turnaround time, and an inability to generate cost savings. To address these issues, they partnered with Procol to implement its e-auction platform and digital procurement strategies.

Procol introduced a reverse auction system and provided event add-ons, which streamlined the procurement process. The solution dramatically improved time efficiency, reducing the turnaround time from 3 days to just 24 hours for key stages. Most significantly, Procol delivered substantial cost savings of 8.3%, which amounted to approximately 8.90 crores, while also digitizing expenses worth 98.41 crores and onboarding 60 new suppliers.