U.S. based chemical manufacturer Ferro expects to save $100 million through the standardisation of procurement processes.

The chemical firm has selected Capgemini and Procurian to help transform indirect spend, with Capgemini providing back-office procurement standardisation, while Procurian will provide management services, including planning, compliance and contracting tools.

The standardisation of services is expected to create significant savings from Efficiency over time.

Peter Thomas said: “The benefits we expect to achieve in our indirect spend procurement function give us further confidence that our cost-saving initiatives will generate savings greater than $100 million”.

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