Case Study: Elizabeth Arden improves purchase order accuracy with The Smart Cube

Leveraging Procurement Analytics to manage purchase price variances for Elizabeth Arden

Elizabeth Arden, the global beauty products company, worked with The Smart Cube to address purchase price variances in its procurement process. Because Elizabeth Arden uses third-party contract manufacturers with different data systems, contract and invoice prices often didn’t match, creating budgeting, cash flow, and compliance challenges. The Smart Cube used its Procurement Analytics solution to help tackle the issue.

The Smart Cube developed a process to collect, standardize, cleanse, and consolidate data from seven manufacturers, then applied a variance calculation tool and interactive dashboard to compare purchase order prices against internal standards. This gave Elizabeth Arden a consolidated view of its network’s purchasing and helped improve order compliance and forecasting accuracy from 18% to 70%, while providing visibility into $110m of future purchases and reducing rework and reconciliation.

Elizabeth Arden

Jessica Walters

Manager of Global Sourcing