This institution sought to reduce operational costs, improve supplier oversight and boost reciprocal revenue.
To achieve this, they implemented a strategic approach, conducting a multi-supplier RFP across the North American market.
Solution
The PERFORMANCE module within MYRIAD helped define evaluation criteria, including cost and service capabilities. It facilitated internal collaboration to ensure alignment and issued the RFP to a range of providers.
Responses were evaluated using a weighted scoring system based on qualitative and quantitative measures. MYRIAD’s analysis forecasted proposals, revealing key differences and benefits.
Results
- Negotiations led to favorable terms with three selected providers.
- Outgoing costs reduced and incoming revenues increased.
- Resulted in a total benefit of USD 2,000,000.
