Category Overview
The global aluminum market has grown rapidly due to the rise in demand from sectors such as automotive and aerospace because of its characteristics such as strength, durability, and low maintenance. Also, aluminum finds extensive applications in the packaging sector due to its ability to offer protection against light, oxygen, moisture, and bacteria.
The Procurement Pain Point
A leading aircraft manufacturing company in the US was facing challenges identifying and shortlisting suppliers in the aluminum market in terms of cost components, procurement models, and major service providers. The client wanted a deep-dive assessment of the aluminum supply market and approached SpendEdge to carry out an exhaustive procurement market intelligence study.
Procurement Insights Offered and the Outcome
To help the client understand the supply market landscape for the aluminum market, SpendEdge carried out an in-depth research process comprising of primary and secondary research methodologies supported by qualitative and quantitative data collection methods. Our analysts engaged in detailed discussions with the industry experts, procurement managers, and client consultants to understand the latest trends in the supply market and the preferred procurement models. Moreover, we collaborated our research with a vast database of proprietary resources such as industry journals and reports, periodicals and news articles, and whitepapers. This procurement market intelligence study offered the client with a better understanding of the procurement best practices and key service offerings of the suppliers.
Business Impact
In a span of four weeks, this procurement market intelligence study helped the client identify the major suppliers of aluminum. This study also helped the client with a better understanding of the cost components, procurement models, and key service offerings and assisted the aircraft manufacturer to negotiate better contractual terms on a long-term basis and strategize effectively.
This supply market intelligence study offered the client insights into the supply market landscape and crucial cost components.
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