Case Study: Franke Group exceeds savings targets with Sievo Initiative Management

Franke exceeds savings targets with Sievo Initiative Management

The Franke Group, a leading manufacturer of kitchen systems and foodservice equipment, faced challenges with procurement savings visibility and governance. Relying on Excel lists created difficulties in tracking progress and led to a lack of clarity, causing them to miss their savings targets. To address this, Franke adopted Sievo's Initiative Management solution as a centralized platform.

By implementing Sievo, Franke established a single system for tracking all savings initiatives, which improved collaboration and cut down on email chains and duplicate projects. This provided real-time visibility into their savings pipeline and enabled faster, more accurate approvals. As a result, Franke not only achieved but significantly exceeded its savings target, moving from being below target to well above it. The solution also strengthened governance and provided reliable data to demonstrate procurement's impact across the business.

Franke Group