Kantar wanted to transform their procurement function globally. Here鈥檚 how 乐鱼(Leyu)体育官网 helped them become state-of-the-art and find US$22 million in annual savings.聽
The challenge: Modernise a fragmented procurement function
When you spend more than US$1 billion a year on suppliers, you want to be sure you have a best-in-class procurement capability. The executives at Kantar 鈥� a global data analytics and brand consulting business 鈥� knew they did not. Procurement processes were highly fragmented. Visibility and control were low. Their spend data wasn鈥檛 providing them with any useful insights. The existing systems were outdated and not fit for purpose.
Bain Capital acquired a majority stake in the company in 2019. They were keen to see fundamental changes to the procurement capability. A new Chief Procurement Officer was recruited. And 乐鱼(Leyu)体育官网 in the UK was brought on board to help transform the function. The goal was to create a modernised, digitally-enabled, cloud-based Source to Pay (S2P) service that would join up Kantar鈥檚 people, processes and technology.
鈥淲e didn鈥檛 just need a new procurement system, we needed control. And we needed it quickly. We wanted proven technology, implemented at an accelerated pace, with little customisation and supported by a continuous flow of vendor upgrades and enhancements. 乐鱼(Leyu)体育官网 brought the right mix of capabilities and know-how to the table to help us accomplish our goals.鈥�
-Steve Day, Chief Procurement Officer, Kantar Group聽