Interning at Kronos

© KRONOS INCORPORATED │ MAY 3, 2023 │

Interning at

Kronos

Erin Myers

Procurement Intern

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WHAT IS PROCUREMENT?2

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• 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

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Cross Point

Building Comparisons

Hardware Inventory Design Meeting

Reverse Live Auctions

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Ariba

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Travel PROJECTS WITH

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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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Additional Projects

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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

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• 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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“Tell me and I forget, teach me and I may remember,

involve me and I learn”-Benjamin Franklin