Transcript
© KRONOS INCORPORATED │ MAY 3, 2023 │
• Strategic Sourcing− Acquiring goods and
services for Kronos
• Real Estate − Leasing and maintaining
Kronos’ buildings globally
• Travel − Negotiating air, hotels, and
events
• EMS− Hardware
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What is Procurement at Kronos?
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FY16 YTD Data
• Revenue: $1.2B
• Addressable Spend: ~ $200MM
• Total Savings: ~ $7MM
• Number of Projects: ~200
• Average Savings: 20%
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Strategic Sourcing
PROJECTS WITH
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Strategic Sourcing
• RX PBM− Evaluate savings− Determine which insurance plan would be most cost effective for Kronos
• Timeclock Redesign− Contacting potential vendors− Proceeding with RFIs (request for information) and RFPs (request for
proposal) to assess options
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Real Estate PROJECTS WITH
© KRONOS INCORPORATED │ MAY 3, 2023 │
Cross Point
Building Comparisons
Hardware Inventory Design Meeting
Reverse Live Auctions
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© KRONOS INCORPORATED │ MAY 3, 2023 │
Travel
• Uber• Negotiating a business contract with Uber to increase travel insurance and
decrease costs
• American Airlines• Savings analysis
• TSA Code • Save time and money for Kronites
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Providing donations to organizations that our employees are passionate about
So far in FY16, employees have donated over $8,000
Matching Gift
Corporate Giving Programs
Grants Solicited Donations Volunteering
© KRONOS INCORPORATED │ MAY 3, 2023 │
• Ins and Outs of Procurement
• Negotiating Skills• Corporate Real Estate• Optimize Savings • Experience in a corporate
setting
• Assist with our corporate move to Cross Point
• Analyze data to increase savings for Kronos
• Give back to the Kronos community
• Provided me with a better understanding of what I want my future job to entail
• Allowed me to see what kind of company that I want to work for
Internship Reflection
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What I Learned Impact on Kronos Impact on Me
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