Parametric modeling saves fragmented global industrials client 45 percent and simplies vendor relationships
A global industrials client was sourcing a fragmented portfolio with over 40,000 parts and over 1,000 suppliers. Though they had tried building cost models in the past, they were unsuccessful in managing their spend and vendor distribution because of the complexity of navigating a massive number of parts and vendors. The client used Cleansheet to build parametric cleansheets for 10,000+ parts and determine specific cost targets. Through an RFQ process, the client saw ~45 percent potential savings from best bids and were able to reduce the supplier base to a significantly smaller number of strategically important partners.