Case Study: Ascend Performance Materials achieves 22% commodity savings and $190K in cost savings with TealBook

Ascend Performance Materials - Customer Case Study

Ascend Performance Materials, a global materials manufacturer, faced outdated procurement processes that relied on a few long-standing suppliers and offered little market visibility during a broader organizational transformation and commercialization of its Acteev™ material. To modernize sourcing without adding headcount or complex integrations, Ascend implemented TealBook’s cloud-based supplier data platform, using TealBook’s machine learning and AI-driven automatic data enrichment and supplier discovery tools.

TealBook delivered a supplier data foundation and spend analysis that streamlined supplier searches, broadened sourcing options, and continuously refreshed supplier information. As a result, Ascend increased commodity savings from 11% to 22%, discovered up to 15 additional suppliers per commodity, reduced unique suppliers by 14%, and saved $190,000 and 238 workdays, while gaining greater visibility to industry disruptors and new buyers for Acteev™.

Ascend Performance Materials

Peter Retterer

Senior Director, Global Indirect Procurement