01.
The Challenge
A Fortune 100 company and top 3 US national grocery chain with 2,200 + locations and billions of private label category spend required strategic sourcing expertise and leadership across diverse categories to identify cost savings, target new sources of supply, launch new products and develop a methodology and framework to effectively manage commodities on a day-to-day basis.
02.
What We Did
- Led strategic sourcing initiatives for 40 product categories delivering $35M of savings
- Identified and implemented new sources of supply supporting new product launches and aligned with cost objectives
- Implemented category management and sourcing methodology and strategies
- Trained key personnel to manage and execute new sourcing vision
03.
Our Impact
By enlisting a robust sourcing process targeting a well-defined category scope with proven methodologies, Veracity delivered $35M in annual savings.
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