Tracking purchase price variances for Elizabeth Arden C A SE STUDY thesmartcube.com2 / thesmartcube.com C A SE STUDY Business Challenge Elizabeth Arden is a global beauty products company with an extensive portfolio of prestige beauty brands sold in more than 120 countries. The company’s procurement model includes using third-party contract manufacturers to purchase raw materials and packaging. Transaction parameters (e.g. pricing, lead times and minimum order quantities) are set by the in-house procurement team, however their third-party contractors use different data systems, leading to frequent discrepancies between contract and invoice prices, and negatively impacting budgeting and cash flow. Elizabeth Arden engaged The Smart Cube, to leverage the specialist intelligen

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