Learn how Consus Global assisted in purchasing Poly Bags for an organic, plant-based food business.

Opportunity:

To standardize product specifications and annual forecasting for Poly Bags, enabling us to discover the best market prices, best quality, and best delivery parameters.

Approach:

• Item classification and volume consolidation.
• Identified new suppliers based on their scope of work.
• Formal RFP consisting of two rounds – challenged participants to place their best offer, and show any additional value derived from their customized products.
• Received supplier evaluations from questionnaires and one-on-one meetings with internal stakeholders.

Results:

• Introduced 5 new solution providers, driving competition up in the future.
• One year contract awarded to a new supplier, based on the best overall TCO, and achieved a savings of 88% ($0.43M CAD).
• Gained additional savings for the client, removing the cost for any tooling and transitioning.
• Extended payment terms/risk mitigation plan negotiated, so if local production is needed due to overseas production issues, there’s zero cost to the client.