Engineering & TimeFlow: strategic partnership for efficiency in IT Procurement
Engineering is a leading Italian company in Digital Transformation, with a global presence of more than 14,000 employees spread across more than 80 locations in Europe, the United States and South America. It specializes in IT consulting for strategic sectors such as public administration, utilities, telecommunications and industry.
Engineering decided to rely on TimeFlow to innovate and streamline the entire third-party accreditation, qualification and engagement process. The goal: to reduce time and costs associated with the technology onboarding process and increase governance of the entire value chain.
Initial challenges
Engineering faced highly fragmented, inefficient, and wasteful supplier list management. Costs derived from low-value activities and poor supply chain visibility were compounded by a lack of automation and difficulty in accessing reliable data. The risk of regulatory noncompliance and the lack of a centralized Vendor Master File added to the critical issues.
Solution adopted
TimeFlow's Vendor Management platform simplified the entire vendor onboarding process by automating audits and document collection, updating master files, reducing time and costs, and improving the quality of data available.
The results achieved
The adoption of the TimeFlow platform enabled Engineering to achieve tangible, measurable results. The positive impact was reflected across several key areas of the business, with significant improvements in supplier selection processes, recruitment of specialized IT resources, and supply chain governance. In particular:
- 70% reduction in costs associated with scouting and supplier selection
- 80% increase in operational efficiency
- Decreased Time-to-Hire of resources on projects, with a reduction from 50 to 30 days.
On a daily operational level, the benefits were immediately noticeable: supplier onboarding time was halved, and responsiveness to business needs improved by 60%. Coordination efficiency between Procurement and Business Units increased by 50%, significantly enhancing internal governance.
"With TimeFlow's solution, Business and Procurement work in synergy, doubling the speed of engagement and saving 40% of time spent on low-value-added activities."