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Implementation of a Procurement Strategy for an Engineering Firm

By 
Updated on 
November 3, 2021
Questa was looking to create synergies group wide in their procurement function
Published
October 27, 2021

Questas was acquired by a private equity firm whose partners wanted to conduct a diagnostic to understand where they could optimise the business’ operating model, associated costs and limit the impact of COVID19 on their workforce.

Procurement was identified as an area of improvement, largely due to it being managed at branch level. Questa was looking to create synergies group wide.

Questas was acquired by a private equity firm whose partners wanted to conduct a diagnostic to understand where they could optimise the business’ operating model, associated costs and limit the impact of COVID19 on their workforce.

Procurement was identified as an area of improvement, largely due to it being managed at branch level. Questa was looking to create synergies group wide.

Solution

Using the Expert360 network, Questas engaged a Procurement Expert to manage the transformation of their procurement team post acquisition.

The Expert moved quickly to analyse the current state of business and understand the challenges Questas was facing. Using the analysis from the diagnostic, they renegotiated and standardised contracts, implemented national umbrella agreements.

Impact

The expert made a strong impact on Questas, managing and leading a procurement diagnostic and transformation.

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This included: 

  • Annualised savings were in excess of 10% of EBITDA.
  • Delivered >8x return of Expert fee.
  • The pressure to reduce staff numbers during the Covid 19 crisis was reduced.
Mathieu added significant value to our organisation in a short period of time. With fast turnaround and quality consultants, I would recommend Expert360 to anyone looking to get project work done.
Mark Taylor, CEO, Questas
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