Case Studies
Situation: A large retail company was using more than 75 outside staffing and consulting firms, many of which were short-term niche providers. The list of vendors was constantly changing as new vendors were added and existing vendors were removed from the list. As the number of vendors continued to grow, the company began losing control of its vendor relationships.
Needs Analysis: CrossFire Group worked closely with the procurement department to uncover the exact needs of the company. CrossFire Group discovered that the company’s existing manual timekeeping and payment system was inadequate for keeping up with the constantly changing vendor list. The manual system was also not equipped to handle the regular contract updates for each vendor. Without a proper system in place, the company’s product pricing was inconsistent among departments and field managers were offering discounts not approved by procurement.
Solution: To help the company regain control of its vendor relationships, CrossFire Group developed a comprehensive vendor management plan and implemented an automated timekeeping and payment technology solution to increase efficiency and improve accuracy. CrossFire Group eased the burden on the company by taking on the role of “master vendor” and by establishing an outsourced procurement department. This allowed CrossFire Group to negotiate contracts with vendors, disperse funds to sub-suppliers to shorten payment time from 70+ days to under 50 days, and consolidate invoicing into a single invoice. In addition, CrossFire Group also developed more stringent vendor vetting guidelines, sped up the vendor approval process, and minimized re-billing and non-payment of invoicing.

Results
