Company Overview
Founded nearly 140 years ago, The American Red Cross has grown to $3+ billion in annual revenue as it serves the nation, providing 40% of the hospital blood supply in the U.S. as well as direct-assist
Headquarters
Washington, D.C.
Employees
10,000 - 25,000
Website
https://www.redcross.org/Value as a service
35%
Increased spend with Diverse suppliers
$4M
In Working Capital Improvement
$15M
In Cost Reduction
Challenge
Lack of Visibility & Control Over Spend
Inefficient Manual Processes
Meeting Diversity & Inclusion (D&I) Benchmarks
Solution
Results
$1-2M in Inventory Optimization
50% Reduction in Paper
87% On-Contract Spend
On track to achieve an overall 3X ROI
“With our BSM capabilities, we’ve increased our Diverse spend across the supply chain and low upfront costs and fast time-to-value have allowed this business process transformation to be self-funded.”
— Thomas Nash, Chief Procurement Officer, The American Red Cross
