Tail Spend Optimization in the Chemical Industry
See how SpendXO helped a leading global chemical company optimize tail spend through AI & Decision Intelligence, improving procurement visibility and delivering measurable savings.
The Challenge
A global chemical manufacturer with 10,000+ SKUs and €800M+ in tail spend struggled with fragmented procurement data, limited supplier visibility, and off-contract purchasing. The lack of Spend Intelligence and standardized processes reduced sourcing efficiency and decision accuracy.
The Solution
STATXO deployed SpendXO as part of its AI & Decision Intelligence framework, integrating ERP and transaction data to deliver Spend Intelligence, supplier segmentation, and Strategic Sourcing insights for tail spend optimization.
€60M savings delivered in the first year, including 8–10% procurement savings through renegotiations and reverse auctions, with 8–12% lower price variance across contracted and non-contracted suppliers.
Impressed by the professionalism and efficiency demonstrated by the STATXO team throughout the project. Their strategic recommendations significantly enhanced our procurement processes. The structured approach helped us to achieve savings.
— Director, Supply ChainGet the Full Case Study
Download the full case study to explore the complete Procurement Transformation journey, and the AI-powered Spend Intelligence framework behind €60M in measurable savings.