Moglix Digitized MRO Procurement and Enabled Significant Cost Savings for a Leading Chemical Company
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Our Client
The company is a leading color and effect pigment manufacturer in India with experience of over 60 years. With an annual turnover of INR 1600+ crore, it offers an exclusive range of products which included organic and inorganic pigments mica-based effect pigments chemical intermediates and pesticides. Spread across 85+ countries the company has a wide range of 170+ channel partner globally
Business Challenges
- Fragmented vendor base with unauthorized third-party vendors
- 100+cases of corrupt codes resulting in unoptimized-inventory purchase
- Sub-standard Data Quality impacting the decision making
- Hybrid Pricing Structure across MRO categories
64% reduction in rejection rate
Solution
Find out how Moglix consolidated fragmented vendor base leading to direct cost savings of a leading chemical company