How an Elevator Manufacturing Company Saved $2M on MRO Spend With Procure Analytics

Overview

TKE is a leading provider of products and services for the vertical transportation industry, including elevators, escalators, moving walks, airport solutions, stair lifts, and more. With customers in over 100 countries, over 50,000 employees, 1,000 sales and service locations, and over $8 billion in sales, TKE is a major player in the industry. Their products are designed to provide better access, new ways to travel longer distances, and clear solutions to complex infrastructures.

Challenges

TKE’s decentralized branch structure created a challenge in managing strategic initiatives. This was due to a lack of spend visibility and change management resources. As a result, TKE was facing difficulty in controlling costs and driving savings across the organization.

Approach

To address this challenge, TKE joined Procure Analytics’ MRO program to drive savings and create visibility across branches. PA helped TKE identify and implement cheaper processes, resulting in cost savings and improved performance.

Results

By using Procure Analytics, TKE was able to save $2 million. This success helped to improve financial outcomes for the company and allowed TKE to continue providing high-quality products and services to its customers. TKE also plans to use PA in their European branches to drive savings and increase visibility. TKE’s implementation of Procure Analytics is an excellent example of how data analytics can be used to address business challenges. By using PA, TKE was able to create visibility across branches and implement cheaper processes, resulting in cost savings of $2 million. This success demonstrates the value of using data and analytics to drive business decisions and improve financial outcomes for the company.