CASE STUDY: Improving Spending-Control Measures
Grainger Editorial Staff
The process this worldwide metal recycling company set in place to control spending wasn't working. Frustrated by multiple layers of approvals required on every order, whether large or small, employees were creating loopholes to get needed supplies delivered.
• Improve procurement efficiencies that will help improve productivity and allow employees to devote themselves to other priorities.
• Significantly help reduce the added costs associated with an antiquated and ineffective procurement process.
By setting approval limits, creating a "Maverick" spend account for miscellaneous purchases and shifting to electronically issued invoice, the customer had over $340,000 in process savings.
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