Case Study: Footwear Company achieves 4.44% sourcing spend savings with Procol

Prominent Footwear Company Saved 4.44% Sourcing Spend by Turning to Strategic Sourcing

A prominent footwear company faced an inefficient procurement process with delayed vendor onboarding and struggled to negotiate competitive prices. The company turned to Procol to digitize its sourcing and implement a strategic solution, utilizing Procol's customizable eRFX templates and eAuction platform.

Procol's mobile-first solution enabled real-time auctions and provided analytics for contracts and suppliers. This allowed the footwear company to accelerate its negotiation time from 10-12 days down to just 24-48 hours. By implementing Procol's platform, the company achieved 4.44% in savings on a procurement spend of over ₹15 crore and enabled nearly 100% vendor participation.