Case Study: Major Prominent Holding Company achieves $400,000 immediate savings and 20% category spend reduction with Simfoni eSourcing

A Prominent Office Supply Manufacturer Achieves Immediate Cost Savings & Process Efficiency With Revamped Rfq Process & Reverse Auction

Major Prominent Holding Company, a major division that manufactures office supplies across seven brands, was hampered by manual, spreadsheet-based RFQ processes that slowed negotiations, reduced visibility, and left the procurement team unable to respond quickly to post‑COVID market shifts like material shortages and price increases. To modernize sourcing the organization engaged Simfoni and adopted Simfoni’s eSourcing solution and reverse auction capabilities.

Simfoni implemented its eSourcing platform, standardized electronic RFQs, reverse auctions and “white‑glove” customer success support (training, hands‑on execution and supplier scheduling), which eliminated manual negotiation bottlenecks and increased competitive tension. The engagement delivered immediate, measurable impact: $400,000 saved in the first sourcing event and a 20% reduction in category spend, faster‑than‑expected ROI, and a clear path to wider adoption of Simfoni across the company’s procurement processes.