Success story

A Fortune 100 Manufacturer Streamlines Procurement

Procurement pro turned Citizen Developer creates his own apps to eliminate bottlenecks, improve on-time payments, and increase working capital by $10M.

Industry
Manufacturing
Employees
100,000+
Built by
A procurement lead, not a developer
  • Nearly 600Emails a week eliminated
  • $8-10MEstimated working capital improvement
The challenge

Requests that vanished into email

When Bill started with the company back in 2018, he faced many challenges overseeing procurement and operations, including lost information, employees working in silos, unanswered emails, blocked orders, and past due invoices that were affecting the company’s credit terms with suppliers.

The main problem was that many of these procurement processes were handled by email or word of mouth.

Particularly frustrating for Bill and his division’s team was invoice processing. A blocked invoice could take up to a week or more to get resolved with no one checking on it. These delays were common and caused the accrual of interest, which equated to lost money for the company. It also had the potential to cause outright credit holds which could limit the buying power of the team and even shut down supply lines.

“It was like a black hole effect of lost, unanswered, or ignored requests with no data.”

Procurement Ops ManagerFortune 100 Industrial Manufacturer
The approach

One app, built by the person who ran the process

Bill knew automation could make the process better and had a magic bullet up his sleeve from experience at his previous company. Bill had used TrackVia before and he knew how well it could work for his new team.

  1. Win over the company

    However, it took some time to convince the company to get on board.

  2. Build a Request for Support app in days

    By no means a software developer, Bill was able to create a “Request for Support” case management application in a matter of days with TrackVia. His app tracked each request to completion in a central location. It also provided valuable structure and visibility to the procurement process and promoted collaboration and efficiency across the integrated supply chain.

  3. Open the front door to everyone

    Anyone in the company could put in a request for support with a simple form. Automated instructions are supplied to the requester depending on the issue. All parts of the Request for Support process are tracked within Bill’s TrackVia app.

  4. Assign work and keep requesters informed

    Bill can now easily assign tasks to his team members, who are automatically notified of their assignment in their “My Tasks” tab in the app. They can also be notified by email if they choose. Requesters can see the status of their request through the entire life cycle and are notified by an email with resolution notes once the request is closed.

I told them I could do much more with less. I wound up being able to do the same amount of work with only eight people versus 13 and that became the driving factor for them to accept TrackVia.

Procurement Ops ManagerFortune 100 Industrial Manufacturer
The results

Visibility that pays off in the monthly ROI review

Today, Bill’s team discusses ROI at their monthly operation meetings.

  • 25%Reduction in credit holds since implementing the app
  • 2-3%Monthly increase in on-time payments since implementation
  • 300 to under 100Blocked invoices a week, before TrackVia and now
  • 30% to 76%Purchase order acknowledgment, around 30% before and 76% today and climbing
  • Email replaced by one place for the data

    With all the data in one place, people no longer have to spend valuable time sifting through emails to hunt down information.

  • Faster invoices and sharper pricing insight

    The app has also helped increase his team’s market knowledge, insight on pricing data, and overall invoice processing speed.

  • Fewer supply issues

    There has also been a significant reduction in supply issues.

  • Easier problem-solving

    Having the procurement process housed in a centralized application has made it much easier to address blocked purchase orders, track price changes and inflation, determine source and vendor issues, and identify supply risk.

  • Better vendor terms and full control

    Bill has been able to negotiate extended payment terms with many vendors and now has control over the entire procurement process.

Bill’s vision and work isn’t done. He has bold plans to introduce TrackVia and his applications to more divisions throughout the company. Although his application is only used by Bill’s team to manage procurement for his division, he has already started setting it up for other divisions in the company.

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80%

Increased productivity

Do more work with the same people.

$300K

Reduced cost

Less manual work, rework, duplicate entry, and administrative overhead.

30%

Reduced risk

Better compliance, evidence, accountability, and auditability.

10x

Improved performance

Faster cycle times, fewer delays, earlier intervention, and higher service levels.

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