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Teva - Amsterdam

Global Procurement is the main contributor to TEVA's ambitious Gross Margin Improvement Program and contributes to the Free Cash  Flow target, delivering 3x historical COGS savings by end of 2024. To achieve this Global Procurement implemented 4IR technologies  within 1.5 years, increased labor efficiency by 30%, upskilled its workforce and optimized cross-functional processes to break down silos;  and is leading the way for 4IR at Teva

Locations
Europe, Netherlands
Sector
Health
Year published
30 March 2022
Organization
Teva
Initiative type
Lighthouse - E2E
Timing
GLN - wave 8

Global Lighthouse Network

A World Economic Forum Initiative