Mining Deeper Levels of Trust
Key Takeaways
⇨ KPMG leveraged cross-functional expertise and process mining solutions to help a biotech leader optimize sourcing and contract management, resulting in significant efficiency gains and cost savings.
⇨ By identifying root causes of bottlenecks and standardizing processes, KPMG and Celonis cut the client's sourcing cycle time in half and identified $1.2 million in potential savings.
⇨ The partnership between KPMG and Celonis improved procurement processes, reduced rework, established new purchasing authorizations, and outlined a roadmap for further streamlining, enhancing the client's operational efficiency and competitiveness.
KPMG and Celonis helped a large biopharmaceutical company use automated process mining to optimize sourcing and contract management. Facing bottle necks in the source-to-contract process, operational inefficiencies, and lack of transparency in the procurement process, the cycle time to complete sourcing projects crept upwards to 200 days. The company was already in the process of replacing its current procurement system, SAP Ariba, with the Workday Scout strategic sourcing platform, when it also hired Celonis to implement automated process mining capabilities and optimize its procurement and contract management processes.
