Buying translation services? Avoid common pitfalls and reduce hidden cost
In this webinar, Armand Brevig will share his experience leading a £ multi-million translation sourcing project for a global pharmaceutical company. He successfully consolidated 150 suppliers down to just 3, which led to a substantial overall cost reduction plus a number of additional benefits.
“I’d been asked to implement a Category Management approach and look for quick wins. Having found 150 translation suppliers on our systems, it became clear they collectively represented a £ multi-million spend.
My first instinct was to run an RFP, find the lowest ‘per word’ rate, consolidate the supply chain and realise the savings. A simple, straight forward approach that should produce a quick return. Or so I thought.
But as I talked to internal stakeholders and suppliers, I realised this was not a trivial exercise and I needed to really learn about the needs of our internal stakeholders and the reality of procuring translation services.
It soon became evident that a more thoughtful and considered approach would lead to overall cost reductions and incremental business value that would far exceed what could be achieved by shaving a few pennies off per word rates.”
Join this webinar to learn:
- A simple consolidation approach is a false economy
- Translation isn’t a commodity service
- Cost optimisation opportunities are often hidden
- The process can’t really just be automated
Managing Director Procurement Cube
Business Architecture Practice Director RWS