Fragrance And Flavor Company: Procurement Transformation
This company's exceptional growth in recent years has positioned it as one of the world's largest perfume and ingredients companies. Despite its noteworthy success, this company knew it could not be complacent. Its margins were slipping. Ongoing globalization, coupled with intense competition and emerging players in the fragrance and flavor sector, threatened the company's profitability. In response, company executives formed a strategy to streamline processes to reduce costs and improve performance across the organization. For help in designing and implementing a new procurement organization that would bolster its competitive advantage, the company turned to Accenture.