To stay competitive in the lighting industry, efficient sourcing and procurement play an essential role. Current Lighting, a leading provider of commercial and industrial lighting solutions, wanted to enhance its procurement processes to improve efficiency and reduce costs. Adopting MESH Works’ RFQ (Request for Quotation) tool marked a significant milestone in their operational transformation.
About Current Lighting:
Current Lighting addresses the various needs of commercial and industrial sectors for indoor and outdoor fixtures, emergency lighting and controls, energy-efficient designs, and advanced systems.
Challenges Faced by Current Lighting:
Before implementing the MESH RFQ tool, Current Lighting faced a range of challenges in its procurement processes:
1. Complex and Time-Consuming RFQ Processes: The manual handling of RFQs is very tedious and time-consuming and, as a result, will cause inevitable delays and mistakes.
2. Data Accuracy Issues: Maintaining the quality of procurement sourcing data for the stakeholders was complicated and inefficient regarding decision-making and day-to-day management activities.
3. Resource Allocation: The existing procurement process required a significant workforce, diverting resources from strategic initiatives.
Implementation of MESH RFQ Tool:
Seeking a solution, Current Lighting turned to MESH Works’ RFQ tool, known for its user-friendly interface and cost-effectiveness. The implementation process was easy, with solid support from the MESH support team, who ensured the process was done efficiently.
Impact on Procurement Processes:
The adoption of the MESH RFQ tool led to significant improvements:
● Enhanced Efficiency: The streamlined RFQ process reduced the time required for procurement processes, allowing the team to focus on strategic tasks.
● Improved Data Accuracy: Automation helped minimize data collection errors and ensured reliable data for making better decisions.
● Cost Savings: The cost-effectiveness of the MESH RFQ Tool and its operational efficiencies were significant.
Quantifying the Benefits:
Metric | Before MESH | After MESH | Improvement |
Time per RFQ Process | 120 minutes | 10 – 20 minutes | 75% reduction |
Data Entry Error Rate | 5% | <1% | 80% reduction |
Resources Allocated to Procurement | 4 team members | 1 – 2 team members | 50% reduction |
Outstanding Support and Continuous Improvement:
The MESH support team has significantly contributed to making Current Lighting’s journey hassle-free, addressing challenges quickly and promptly, and effectively providing solutions. Added to the MESH approach to developing tools by integrating customer feedback, this tool continues to change and improve, becoming a staple in the current operations of Current Lighting.
Conclusion:
Integrating MESH Works’ RFQ tool has transformed Current Lighting, increasing efficiency, accuracy, and cost savings in their procurement processes. MESH’s user-friendly interface, exceptional support, and commitment to continuous improvement make it a valuable tool for companies looking to optimize their sourcing and procurement operations.
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