Case Study: a global top 5 furniture retailer saves €41.2 million with The Smart Cube

Custom designed procurement analytics solution helped this furniture maker save €41.2 million

The Smart Cube worked with a global top five furniture retailer that lacked a central overview of its 40,000 indirect suppliers, which represented a yearly spend of €4.8 billion. The client wanted to improve governance and find opportunities for cost savings.

To address this, The Smart Cube implemented an automated procurement analytics solution. This included a spend cleansing tool, automated VBA reporting, and a customized QlikView dashboard. Their recommendations led to a 4% reduction in suppliers and a 50% decrease in manual work. The client realized savings of €41.2 million by consolidating their spend.