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What it is
RFx and auction platforms are based on best-in-class third-party SaaS solutions enhanced with McKinsey content (IP), which aim to improve procurement RoI and create superior buyer and vendor experiences.
Check out a demo
Large-scale disruptions have forced ConstructionCo to renegotiate its cost base to get back to profitability. To do this, the CPO decided to use e-auction to optimize prices for all the divisions. This is how they did it …
Why use it
Reduced time to impact
20%
time reduction from planning to award
Reduced time to impact
5-50%
higher savings generated by using tested methodologies, and best practices, and built-in analytics engines
Improved buyer and supplier experience
>200
deployed templates—there is no need to reinvent the wheel
Faster scale-ups
89%
of users launch their first event within the first week, with consistent, scalable processes and expertise
Improved delivery times
Identify bottlenecks
early on and address issues quickly through increased supplier progress visibility
How it works
Scout, SAP Ariba*, or Coupa are used together with McKinsey IP, such as category templates and supplier lists, to design best-in-class sourcing events
*Support model coming soon
Suppliers participate in RFP and auctions events via vendor platforms, with direct communications and real-time status tracking
More significant savings are realized as the RFx analytics engine enables targeted supplier feedback and award-scenario optimization
McKinsey team has delivered
>150
Client deployments since 2017
>10,000
RFx and eAuctions
4.8/5
Average client satisfaction
Here are some client examples
A tier-1 automotive supplier achieved an 11% saving on overall MRO spend by using the RFx and eAuction platforms
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International auto parts retailer leveraged Scout to seamlessly communicate with 30+ suppliers enabling ~20% category savings
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A dairy client achieved 15% cost reduction leveraging Scout
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A North American Advanced Industries client identified 15-20% savings through rapid value capture approach
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A tier-1 automotive supplier achieved 65 million USD best bid annual savings on electronic component
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A wood products company enabled annual savings of 2 to 6% leveraging RFx and Auction platform
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A global quick service restaurant leveraged Scout to drive standardization in supplier’s data gathering, assessment and communication, saving multiple days in RFI/RFP setup, bid consolidation and analysis
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By working with us, you will have access to
Experts
Our industry and functional experts will be on the ground where and when you need them.
Helpdesk
Our helpdesk will keep doors open and commit to addressing your concerns efficiently and effectively.
Training
We offer coaching and build capabilities for your teams to deliver sustained improvements.
Implementation
We partner with you and co-create a firm path to implementation as part of the project.