Wax News Archive
Thorntons Adopts eSourcing Strategy Over Next Three Years
High Street Confectioner Predicts Significant Savings with Wax Digital
High street confectioner Thorntons has adopted an eSourcing strategy to drive down costs and make significant bottom line savings over the next three years with Wax Digital eSourcing.
The strategy has been adopted after twelve months of eSourcing events – a dozen in total - conducted in partnership with Wax Digital.
“We’ve spent twelve months assessing the savings on both direct items such as hazelnuts and indirect spend items such as diesel, air-conditioning units and carrier bags, and in all cases we have made considerable savings – up to 27% on a single buying commitment,” said David Proctor, Head of Purchasing and Supply, Thorntons.
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We now have the ability to conduct more regular events by utilising the self-managed solution to gain financial benefits in all spend categories without increasing our team or overheads. Thorntons
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“Having proved the worth of the eSourcing events, we have now engaged with Wax Digital over the next three years allowing us to host our own smaller value and volume events – conducted on a flat rate rather than a per event fee.
“We’re delighted that Thorntons has seen the benefits of the eSourcing events which have helped reduce costs to the business. The new three year deal will mean the organisation continues to drive down costs in order to make savings during tougher economic times for retailers in all areas of spend; large and small,” said Daniel Ball, Director, Wax Digital.”
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