Cost Benefit Analysis for An Acrylic Paint Manufacturer
Over the past few years, the growth of the chemical industry has declined due to the large inventory sizing by manufacturers and deteriorating industrial production, especially in the acrylic paint manufacturing space. As a result, leading firms operating in the acrylic paint manufacturing space are forced to provide more dynamic and robust products while being cost-effective. Cost benefit analysis helps players in the acrylic paint manufacturing space to reduce expenditures and meet the rising demand of the customers.
With years offering experience in offering a wide array of cost benefit analysis solutions, SpendEdge helps acrylic paint manufacturers to gain a comprehensive understanding of the cost structure of their supply chain activities. These solutions also help client formulate superior negotiation strategies with suppliers to achieve a competitive edge over the peers operating in the acrylic paint manufacturing space.
The Procurement Pain Point and Insights Offered
A global acrylic paint manufacturer with a considerable number of offices spread across several geographies was facing predicaments in recognizing the sourcing and procurement pricing elements and its influence on the overall cost across the supply chain. Also, the client was facing difficulties in ensuring low-cost raw material sourcing. As a result, they wanted to devise a low-cost mix model to cut down on their maverick spends.
SpendEdge’s cost benefit analysis experts personalized a comprehensive research methodology, which involved primary and secondary research methodologies coupled with qualitative and quantitative data collection techniques to cater to the client’s business issue.
This cost benefit analysis engagement helped the acrylic paint manufacturing client to measure the impact of each cost driver on the overall spends and predicted the cost movements across the supply chain. Additionally, the robust, low-cost mix model recommended by SpendEdge enabled the client to cut down on their maverick spends.
Questions answered in this cost benefit analysis study include
The acrylic paint manufacturing client was able to gain more profound insights into the cost structure of the procurement processes across the supply chain. Additionally, the client was provided with strategic recommendations on devising superior negotiation strategies with the suppliers in this industry space.