.svg)
Simplified supplier landscape by 75%
Back to case studies
Project Type:
Supplier Optimization
Client:
3M - Multinational conglomerate with $30 billion annual revenue
Sector:
Multinational conglomerate
The Issues
- Complex supplier ecosystem with a lack of visibility and derived value
- Decentralized supplier management processes and metrics
- Complex supplier performance measurements with limited clarity and objectivity
- Lack of consistency in supplier performance reviews and incentives
- Lack of supplier marketplace analysis and optimization
The Solutions
- Defined supplier management strategy including performance criteria and processes required to manage and simplify complexity
- Designed scorecard methodology
- Developed automated scorecard with configurable measurement and weighting using Brightfield TDX
- Implemented and conducted supplier performance analysis
- Developed supplier performance review format, Quarterly Business Review (QBR) process, and ongoing reporting strategy
.svg)
The Results
- Simplified contingent workforce supplier landscape by 75%
- 3M now have improved business visibility and transparency
Next Steps
- 3M’s contingent workforce spend is more than $150 million in the USA alone
- They have contingent workforce in 85 countries worldwide
How did The Client benefit?
An improved and automated supplier performance scorecard
Quarterly and Bi-annual review process
Consistent management of supplier marketplace with an objective method for measuring suppliers
Other Case Studies:
.svg)
.svg)
Seeing is believing
Curious to see how other companies manage the economics of their workforce? Schedule a live demo with one of our TDX Experts.
Seeing is believing
Curious to see how other companies manage the economics of their workforce? Schedule a live demo with one of our TDX Experts.
