Wind Turbine Manufacturer
Sourcing Value teamed up with a global wind turbine manufacturer to help develop visibility to material specifications and drive savings through fact-based negotiations. The client was sourcing components directly from fabricators and had no comprehensive steel material database. Sourcing Value helped extract specifications directly from engineering drawings, create the structure for the steel material database and also execute fact-based negotiations to realize savings.
Solution and Analysis Provided by Sourcing Value:
- Collected and consolidation of material specifications in comprehensive database
- Created visual of global steel volume by specification and supplier globally for the first time
- Identified viable steel processing suppliers for global manufacturing footprint
- Created standardized matrix style RFQs for instant pricing of hundreds of material SKUs
- Built detailed negotiation agendas with benchmarks submitted in RFQ
- Provided real time analysis as suppliers submitted RFQs
Results
- Achieved €2.1M in annual savings over 28kMT of Plate material sourced from Europe and Asia
- Created comprehensive and intuitive database of steel materials for management of future negotiations