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Interim executive immediately needed to set up procurement office


Challenge

VP immediately needs a top interim executive for portco

A large cap VP came to us with an immediate need for a 3-month interim executive to set up a procurement office at one of their portfolio companies. Focused on healthcare technology, the portco didn’t have an existing procurement office. They were procuring technology from a variety of vendors and were ultimately looking to achieve a 10% savings opportunity with creating a procurement function. The firm was looking for the interim executive to set up quarterly business, inform potential cost optimization, and identify near-term wins and opportunities on this cost saving initiative.

BluWave finds interim executive to fit exact criteria

Leveraging our founder’s 20 years in private equity, we have extensive frameworks for assessing PE-grade interim executive needs. BluWave utilizes technology, data, and human ingenuity to pre-map, assess, monitor, and maintain deep pools of interim executives that uniquely meet the private equity standard. We interviewed the PE firm to understand their specific key criteria, and then connected the client with the select BluWave-vetted interim executive from our invitation-only Intelligent Marketplace that fit their exacting needs.

The firm connected with presented provider to start procurement initiatives immediately

Within a couple of days of the request, the PE firm was introduced to three exact-fit providers. The client then selected their top choice that had led five previous PE-backed procurement initiatives. The provider was able to start the project immediately, integrated the team right out of the gate, and started working towards the client’s objectives and setting up the procurement office.

“Due to our trusted relationship with this large cap PE firm, we knew the exact BluWave-vetted service providers that would meet our client’s specific criteria. We were able to match our client with an exact-fit provider who was available immediately to get started.”

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