Driving Procurement Agility in Volatile Markets

The family-owned company Böllhoff, a globally active partner for joining technology headquartered in Bielefeld, addressed market challenges with a clear set of measures: material cost savings, inventory reductions, the introduction of digital tools, and comprehensive cost-reduction programs. With the goal of making the procurement organization future-ready and more agile in responding to volatile markets, Böllhoff decided to implement a procurement solution. While the previous analysis tools provided detailed insights into purchasing volumes, they lacked intelligent, automated, and visualized reporting capabilities. A solution was needed that could deliver comprehensive reporting and, ideally, integrate seamlessly into the existing system landscape.

Within a few months, the solution established itself as the single source of truth for procurement at Böllhoff: all purchasing data from various systems, as well as external market data such as steel prices, are now consolidated in a single tool. The tool not only enables detailed data analysis but also highlights concrete savings potential related to currency fluctuations and dual sourcing.