Company
Estrella Pharmaceuticals is a leading organization focused on the discovery, development, and commercialization of innovative therapies and medicines used to improve patient ailments and sufferings.
Industry
Pharma
Location
Pharma
Size
500 employees in 2 different locations
Main Results
68% reduction in Maverick spend
Great improvement in coordination with partners and suppliers
Significant increase in supply chain agility
Will Villanueva
VP of Procurement
“Cost can be lowered only so much by traditional procurement levers.”
Context
Previous procurement practices employed by Estrella revolved around analyzing the supply chain and directing suppliers to identify opportunities to consolidate spend, yet these did very little to influence the internal process. They partnered up with Prokuria to break their reliance on traditional processes such as emails, spreadsheets, and phone calls, and optimize their operations with improved analytical systems. They also aimed to create an efficient ecosystem of communication and coordination with third-party suppliers.
Resolution
By using Prokuria, Estrella Pharmaceuticals managed to build a procurement process above the traditional one it was already implementing. By digitizing and automating its workflows, the company was able to move away from Excel, increasing its spend visibility, transact seamlessly with suppliers, drive costs down, and break down information silos to uncover emerging trends and improve supply chain agility.
