How Novozymes Transformed its Indirect Procurement and Achieved a 31% Productivity Increase
With 48% of the market, Novozymes is the global leader in industrial enzymes and microorganisms, used in everything from detergents through biofuels to agriculture. However, poor procurement practices were having an effect on the business side.
- Espouse purchasing policies to remediate the more than 60% of spend being allocated to non-preferred suppliers
- Enable indirect procurement to prevent situations in which more than 3,000 new suppliers were being created each year
- Improve compliance through automation and improvement of procurement technology
See how Novozymes made it “easy to be a Zymer” by transforming their procurement process.