An average car has about 30,000 parts, and component shortages could lead to production stoppages. There is a way out.
By carrying surplus items, businesses will only be burning hard-earned cash on storage and handling. Help is here.
The industry is increasingly hit by supplier price rises, and getting vendors to settle for fair prices is hard. Here’s what we do.
Automakers are at the crossroads of opportunities (e.g., EV), but they need more resilient supply lines to drive opportunistic growth.
These represent the automotive industry’s lifeline, and, with ever-rising commodity prices, component manufacturers must move toward more fact-based supplier negotiations.
Rising energy prices exert inflationary pressures on the sector. Cost modeling and negotiation skills can help soften the inflationary blow.
Finding a supplier is just half the battle. The more critical half is about forging deals that bring triple rewards: quality, value, sustainability.
Talk to Our ExpertsChallenge: Faced with intense competition and the need to improve profit margins, our client turned to SpendEdge for assistance in overcoming their business challenges. One of the main strategies involved migrating cost-intensive operations to low-cost destinations.
Solution: Our team at SpendEdge assisted the client in streamlining their contract manufacturer selection process. Leveraging our expertise and market research methodology, we identified key contract manufacturers for the client’s ready-to-eat product line.
Result: The client successfully addressed their business challenges and achieved improved profit margins and reduced operating costs. All the while, also enhancing product quality and expanding manufacturing capabilities.
Read Moreto see the more on spendedge insightsGathering data on your supplier’s capability to deliver high-quality products is just not enough. More open communication will ensure suppliers not only deliver with quality but also ahead of schedule.
Supplier failures could become a double whammy for any business. There is revenue loss, plus reputational risk! Identifying contractors based on strong data points is key to mitigating partner risks. Get our market reports and be the first to know about supply risks.