Bridge the gap between procurement and technology with Parq's enriched supplier ecosystem - take action to build a reliable, flexible, and transparent supply chain.
A public manufacturing client recognized savings of $1.5mm (~60% of project cost) using Parq’s supplier matching tool to rapidly identify alternate supply sources. If you can't find it, Parq can.
An industrial construction client’s procurement team reduced average time spent searching for suppliers by 32%, equating to $110,000 of annualized SG&A savings.
An industrial client needed a critical component to get their plant operational but were facing 1+ month lead times with current suppliers. This would result in $2.5mm of lost revenue.
Leveraging Parq, the procurement team found an alternate supplier with the parts in stock in 15 minutes. The plant was operational the next day, allowing the client to recognize the $2.5mm of revenue.
An energy client used Parq to uncover in-network vendors on its vendor master for a new territory expansion project. The project lead time was reduced by 7 weeks, which allowed the client to recognize an additional $2mm of revenue.