A striking new look for procurement
In a fast-moving, hypercompetitive consumer industry like beauty, where customer expectations keep evolving and new market entrants are causing disruption, it is imperative for leaders to invest in their businesses.
One beauty leader of numerous upscale, globally celebrated beauty brands decided to refocus operations on a high-value, high-growth future. With a goal to double the company’s revenue while maintaining a sustainable cost structure the company knew they needed a partner to create a strong foundation for growth.
Procurement was central to this ambition. But legacy processes and entrenched ways of working meant the team was spending too much time on routine transactional activities.
It was time for a new approach. The vision? To reimagine the procurement function, freeing the team from transactional work to focus on strategic value-adding work and support next-level procurement outcomes for this digitally transformed business.