It took the organisation around 12 months to renegotiate all of its strategic contracts and BCLC eventually managed to save about $ 15 million by improving the contract management procedure .
Phase two of the company restructure involved a massive overhaul of vendor performance management , and once more , PwC and iValua were brought in to assist with the process .
Bolen says : “ We had engaged PwC to perform a procurement diagnostic to benchmark the current level of maturity of all of our procurement functions against best
practices in other like-agencies .
“ One of the gaps that we identified was vendor performance management , so PwC brought their methodology to our organisation to build an effective framework that would serve us well in our need to identify and effectively manage those vendors and related contracts that would result in best value to the organization . They ’ ve brought the expertise , trained our staff and to a degree , some of our business units how to do that according to best practices .”
“ At the same time , we partnered again with iValua to
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