Aerospace Electronics

Indirects and Freight Cost Reduction

Our Impact

$13M in Savings Delivered, 55% Over Target

Strategy Consulting firm conducted an opportunity assessment and Tenzing was brought in to help execute against a target of 7.5% savings
Client procurement team is understaffed and tasked Tenzing with driving savings and providing coaching
Chief Transformation Officer and CFO keen to track impact of savings initiatives from implementation through realization

Working in an inflationary environment, Tenzing prioritized those categories likely to yield near-term savings
The flexible Tenzing staffing model meant we could bring in select experts for certain categories, as needed, over a six-month engagement
Poor visibility into spend data resulted in Tenzing developing a spend dashboard that was quickly adopted throughout Procurement and Finance

Tenzing and client team realized $13.4M in annual cost savings against a target of $8.6M (11 % vs. 7.5%)
Tenzing developed a savings tracking system that provides month-to-month visibility and tracking from savings identification through to realization (true bottom-line impact)
Tenzing also built a spend dashboard that the client uses to run spend trend analyses, tracking compliance and identifying additional potential savings opportunities throughout the year