Case Study: a global biopharmaceutical company achieves procurement transformation with The Smart Cube

Global Biopharmaceutical Company saves 40-50% of research effort with The Smart Cube

The global biopharmaceutical company, a major life sciences firm, embarked on a procurement transformation program to bring consistency and rigour to its category management process. Facing pressure from numerous product launches, its internal teams lacked the resources to proactively seek external market intelligence. The company partnered with The Smart Cube to provide the necessary procurement intelligence and analytics expertise.

The Smart Cube implemented a flexible, centrally-managed solution that provided a wide array of services, including category intelligence, cost driver analysis, and strategic sourcing support. Acting as an extended arm of the client's global procurement function, The Smart Cube delivered significant results, including a 40-50% savings in research time and effort, 7-10% savings in the travel category, and identified $50 million in savings opportunities. This partnership provided the client with greater rigour, actionable insights, and a competitive advantage.

Global Biopharmaceutical Company