Gartner supported a medical device manufacturer in renegotiating a contract renewal with a supplier, achieving $600,000 in savings.
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Client Story
Leveraging Supplier Category Intelligence to Reduce Costs
Mission-critical priority
Develop strategy to streamline and reduce costs while renegotiating terms on a renewal with a large supplier
How Gartner helped
Guided a renewal strategy that leveraged other vendors for category intelligence to help negotiate commodity prices
Business impact
Built a well-defined plan that gained an advantage during contract negotiations, achieving cost reductions of $600,000
Industry
Medical Device Manufacturer
Revenue
Approx. $1 billion
Employees
2,480
