Case Study: a leading steel manufacturer saves 2.30% on procurement spend with Procol

Procurement Solution Deployed in less than 10 days saves spends by 2.30%

The client, a leading steel manufacturer in India with a $5+ billion market capitalization, struggled with an inefficient procurement process that lacked transparency and compliance, preventing them from finding competitive prices and achieving their savings goals. To address these challenges, they worked with Procol to implement its procurement solutions.

Procol provided a mobile-based application and a smart dashboard to centralize data and speed up the sourcing process. By integrating its intelligence solutions, Procol helped digitize over INR 2300+ Cr of GMV in under ten days. This deployment saved the client 2.30% of their total procurement spend within just two weeks and achieved 100% vendor participation in over 50 events.