As one of the world’s leading leisure travel groups, Thomas Cook was looking to improve its procurement process and management of its supplier relationships across Europe. By implementing web3 Source to Contract, Thomas Cook streamlines its tender processes, improves collaboration and generates cost reductions across all core spend categories. The procurement team was also able to maintain a single view of all procurement activities, regardless of currencies and languages.
The benefits for Thomas Cook include:
- A seven figure sum saved across a range of spend categories
- Standardised tender process across Europe
- Achieved real time collaboration with a large number of suppliers, while improving communication, compliance and transparency
- Automated processes achieving significant time and efficiency savings