Case Study

A procurement assessment helps aerospace company elevate awareness of third-party spend, saving millions

A procurement assessment helps aerospace company elevate awareness of third-party spend, saving millions

Pages 3 Pages

Internal Audit, Risk, Business & Technology Consulting When an eagle-eyed finance executive noticed that his aerospace company’s third-party spend on goods and services had soared, he sought outside experts to help rein it in. The subsequent comprehensive assessment by Protiviti revealed an opportunity for the procurement department to reduce that spending by 10 to 20 percent. Impressed with the precision of Protiviti’s spend diagnostic, the CFO enlisted Protiviti to execute its proposed plan to reduce the spend. The selection was based on several factors, including Protiviti’s extensive experience with spend assessments across multiple industries and understanding of the highly specific and unique regulatory requirements and guidelines governing the purchase of goods used in the

Join for free to read