Client Story

Leveraging Supplier Category Intelligence to Reduce Costs

Gartner supported a medical device manufacturer in renegotiating a contract renewal with a supplier, achieving $600,000 in savings.

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

Industry

Medical Device Manufacturer


Revenue

Revenue

Approx. $1 Billion


Employees

Employees

2,480

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