CoreLogic - Procurement Outsourcing
Achieving cost savings and process efficiencies through Procurement OutsourcingDOWNLOAD
CoreLogic is a leading U.S.-based provider of consumer, financial and property information, analytics and services to business and government. CoreLogic provides services in real estate, mortgage application, fraud, loan valuation, flood determinations, and geospatial analytics and services.
In a dynamic business environment with challenged growth and continuing pressure on margins, CoreLogic sought to achieve near term and sustainable cost savings to free up resources which could be invested back in the business, evolve strategic sourcing competencies, improve its procurement organization, and drive sustainable process efficiencies and cost improvements. Deloitte was engaged to perform a high level spend analysis and identify improvement opportunities, assess the procurement function, arrange an outsourcing agreement with a strategic service provider, and establish a governance model.
Faced with a dynamic business environment, CoreLogic sought to improve its SG&A costs. The company required professional advice in identifying cost saving opportunities across its procurement function, an assessment of the service provider marketplace to understand capabilities in strategic sourcing and procurement outsourcing, and selecting a suitable partner for a transformation of the procurement function to the best in class.
The strategic objectives of the engagement included:
Deloitte was involved in the following aspects of the project:
Deloitte's project team worked closely with the client's team to provide guidance and advice based on their specific areas of specialization, including:
Deloitte utilized its experience with the sourcing and procurement process, outsourcing lifecycle and knowledge of CoreLogic's organization to identify the specific strategy to meet its objectives.
The key phases of the project were as follows:
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.