“ With a total annual historical spend of $ 9.8mn in 2016 and $ 19.5mn in 2017 , after the introduction of Ivalua ’ s solution , we achieved year on year savings of 14.3 % in 2016 and 10.8 % in 2017 . Now all our internal stakeholders can see the results ”
HEMANT GUPTA , CFO , Blackberrys
work on procurement of both trade purchases and non-trade purchases .” Blackberrys has had to focus on meeting the challenge of changing its operational mind set , moving away from some manual elements and keeping all stakeholders on the same page . “ Cost-cutting is no longer the solution for sustainable profitability ; the key to success is finding creative ways to optimise it ,” says Gupta . “ Nontrade purchases , such as marketing spend to drive footfall into stores with the launch of each new season range , are traditionally handled offline . We ’ ve decided to challenge ourselves to reduce rates we pay for procurement because there ’ s a historical trend to quality parameters and rates being set with certain suppliers for trade purchases . Previously there has been a complete monopoly of the vendor but because of the AI that the online system creates , suppliers
40 June 2018