The Package Shipping Transformation
How a Global Pharmaceutical Leader Streamlined Contracts for Cost Efficiency and Compliance
A top 10 global pharmaceutical company needed to reduce the complexity and cost of managing small package shipping contracts across seven separate business units. Trax delivered a centralized sourcing and contract optimization strategy that consolidated vendors, reduced spend, and ensured long term compliance through advanced analytics.
THE CHALLENGE
The Hidden Cost of Disconnected Contracts
A leading pharmaceutical company encountered inefficiencies due to the independent management of small package shipping contracts across seven separate business units. This fragmented approach resulted in unnecessary complexity, making it nearly impossible to gain visibility into enterprise-wide opportunities for cost savings. Without a unified strategy, the company faced:
- High costs from managing multiple contracts and carriers
- Lack of visibility across business units, limiting strategic planning
- Redundant vendor relationships that diluted negotiating power
- Difficulty aligning business-unit needs with corporate objectives
THE TRAX SOLUTION
A Centralized Strategy for Seamless Operations
Simplified Contract Structure
Trax developed and executed an RFP and negotiation strategy that consolidated seven separate contracts across multiple vendors into one unified, corporate-wide agreement, streamlining vendor management.
Comprehensive Compliance Program
Trax developed a detailed compliance program to ensure both projected efficiencies and identified hard savings were fully implemented and realized, driving long-term value.
THE RESULTS
Simplified Sourcing Leading to Savings
Trax’s contract optimization initiative delivered:- A single supplier to manage the small package shipping category
- One corporate-wide contract replacing seven fragmented agreements
- Hard savings of 8–10% across the category
- A robust compliance and reporting program to ensure continued performance
Cut Contract Chaos... and Your Shipping Costs
Download the full case study to learn how this global pharmaceutical giant streamlined carrier contracts, unified sourcing strategies, and achieved lasting compliance and savings with Trax.
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