The Client
Spanish international SME company (70% of international sales) specialized in cosmetic products.
The Challenge
- Suppliers managed through distributors, despite having large volumes
- Importation of many products from Asia with the consequent impact on risk management and ESG policies.
- Need to find suppliers for new launches
The Solution
- Strategic sourcing of ingredients
- Development of supplier relationships directly and through SRM programs.
- Risk management plan for the entire supply chain, with alternative suppliers, contract negotiation and management
The Results
- 60% cost reduction
- Two new European sources of supply, in addition to the Asian one
- Significant improvement in lead times from 3 months to 1 week
- Contribution to the Company’s ESG policy