A Norwegian leader in Food Production, recognized the critical need to enhance their supplier management practices. Facing challenges in ensuring compliance, managing risks, and meeting sustainability goals, they sought our expertise to implement a robust and future-ready solution.
The transformative journey we embarked on resulted in a best-in-class solution that not only reduced risks but also elevated compliance and exceeded sustainability targets.
Results achieved includes:
- Risk Reduction – The digital solution significantly reduced the identification-to-mitigation time for potential risks, enhancing overall supply chain resilience.
- Compliance Assurance – Automated compliance checks ensured consistently met regulatory requirements, mitigating legal and reputational risks.
- Sustainability Excellence – Exceeding sustainability targets, with a measurable reduction in the environmental impact of their supply chain.
- Operational Efficiency – Streamlined processes led to increased operational efficiency, contributing to cost savings and improved overall supply chain performance.
Collaborating closely with the Client, our team conducted a comprehensive analysis and redesign of their supplier management processes. We designed a bespoke digital adaptation of SAP Ariba SLP that addressed their unique challenges and goals and which revolutionised their supplier management processes, leveraging cutting-edge digital tools.
Key components of our approach included:
- Digital Transformation Strategy: Crafted a roadmap for the digital transformation of supplier management, incorporating advanced tools for real-time monitoring and reporting.
- Risk Identification and Mitigation: Implemented data analytics to identify potential risks in the supply chain, enabling proactive mitigation measures.
- Compliance Automation: Integrated automated compliance checks and alerts, ensuring that the Client remained ahead of regulatory changes and minimized compliance-related risks.
- Sustainability Metrics and Reporting: Introduced robust metrics to track and measure the sustainability performance of suppliers, fostering a culture of environmental and social responsibility.
The implementation of our best-in-class supplier management processes and adaptation of SAP Ariba SLP not only addressed the immediate challenges faced by the Client but also positioned them as a compliance leader within their industry. The positive outcomes included enhanced stakeholder trust, strengthened brand reputation, and a competitive edge in a market increasingly valuing responsible business practices.
Our collaboration with the Client stands as a testament to the transformative power of digital tools in supplier management. At Stretch Procurement AB, we are proud to have played a pivotal role in driving sustainable success for our client, and we look forward to continuing our journey toward excellence together.
If you are interested in learning more about our innovative solutions, please feel free to reach out.