Liberty was approached by one of the world’s largest outdoor advertising corporations with a request to analyze $400m in procurement spend.
The business problem
The client wanted to investigate opportunities to consolidate procurement spend and generate savings, but had not previously been successful due to decentralized operations across various locations.
We identified savings opportunities in categories including telecommunications, employee benefits, real estate, office supplies, printing and copying, IT expenditures, business insurance, and professional fees. Within 90 days, we negotiated vendor contracts and executed operational changes that generated significant sourcing savings. We also helped implement a new procurement model, including a strategic sourcing group that would sustain these savings and aggressively identify other savings opportunities. The outcome was a total of $40 million in annualized cost savings.
Liberty Advisor Group Data & Analytics
We address the frustrations of implementing large-scale data and reporting solutions by identifying actionable critical data and provide measurable impact to our client’s bottom line. Clients call us when:
- Building out data analytics capabilities
- Attempting to build enterprise reporting
- Having issues with application integration and master data
- Implementing complex new software, such as enterprise resource planning (ERP)
For more on our Data & Analytics offerings click here.