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Enhancing Efficiency and Cost Reduction through Strategic Partnering Initiatives

This initiative focuses on driving efficiency improvements and cost savings by leveraging two distinct approaches: volume bundling and strategic partnering. With a target of at least a 10% cost reduction and a minimum of 5% efficiency improvement, the project aims to enhance spend transparency and develop deeper category knowledge. Key methodologies include harmonizing specifications, understanding market dynamics, and engaging suppliers early in the process. Efforts will involve gathering internal data across all categories and utilizing innovative techniques like blank sheet modeling and TCO concepts.

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Enhancing Efficiency and Cost Reduction through Strategic Partnering Initiatives

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  1. EFFICIENCY IMPROVEMENT INITIATIVES- TWO DIFFERENT APPROACHES - PSO Global 5 • Min. 10% cost reduction • Cost savings driven by volume bundling • Spend transparency • Min. 5% efficiency improvement • Strategic partnering • Deeper category knowledge Major objective • Focus on categories of strategic importance Scope • All categories • Internal data gathering and harmonisation • Technical and commercial processes • Early involvement of suppliers and potential suppliers Methodology • Volume bundling • Harmonisation of specifications • Deeper understanding of supplier markets and dynamics • Blank sheet modelling, LPP analysis, TCO concept, supplier workshops Key levers

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