Two Leading Energy Companies Realized Synergy Targets Post Merger
Two prominent downstream energy companies merged forming an industry leader with diversified assets across petroleum, refinery, asphalt and renewable fuel
GoProcure applied a clean sheet approach with the newly merged company to define characteristics of a MRO supplier
With the properly categorized supplier list, GoProcure established a supplier database by collecting a significant amount of data from each supplier – item details, price information, contract terms and discount frameworks
The team enriched the supplier database with competitive supplier data to identify maximum savings opportunity adjusted for business requirements
Realizing synergy targets and delivering cost savings post merger
Two of the most prominent downstream energy companies in the U.S. merged forming an industry leader with diversified assets across petroleum, refinery, asphalt and renewable fuel. As the businesses merged, the combined entity engaged GoProcure to realize their synergy targets and to optimize the new entity’s supply chain operations.
Specifically, the newly merged company wanted to consolidate their Maintenance, Repair and Operations (MRO) supplier base, better understand the MRO spend profile and realize strategic savings