CASE STUDY

Industry Best Practices Benchmarking Study Helps an Apparel Manufacturing Firm Devise Best-In-Class Sourcing and Procurement Strategies

Oct 9, 2017

About the Client 

The client is a Fortune 500 American apparel brand. The apparel store offers a collection of high-end, luxury designer outfits.

Business Challenge 

Low levels of compliance associated with their purchase and requisition processes along with the limited ability to capture spend data further affected the American apparel store’s ability to achieve enterprise-wide spend visibility.

In addition, the lack of a centralized spend management system negatively impacted the organization’s bottom line. Due to many such factors, the American apparel store realized the need to transform its procurement functions into a centralized function with the help of SpendEdge’s advanced spend analysis solutions.

Continue reading to know how our solutions helped the client tackle the business challenges.

Our Findings 

The solutions offered by our spend analysis experts suggested that the development of a centralized spend management system would help the American apparel manufacturing store to enhance their overall performance. Our solutions further helped the American apparel manufacturing store to streamline their spend data, thereby delivering $50 million in CapEx savings, which was equivalent to a 20% rise in their CapEx efficiency.

Want detailed insights on procurement best practices in the apparel manufacturing industry? Request a FREE proposal. 

REQUEST FREE PROPOSAL

Apparel Manufacturing Industry Overview

Demand for apparel is highly dependent on disposable income and the overall economic well-being of the region in consideration. Generally, over the past decade, the global apparel manufacturing industry has benefited from an increasing number of consumers opting to buy more garments at lower prices. This trend has been sustained by significant offshoring of apparel manufacturing from industry establishments in developed countries to developing economies, which has significantly lowered production costs, reducing the overall price of apparel and making apparel products increasingly affordable to an expanding consumer base.

Leverage SpendEdge’s procurement best practices to increase operational efficiency and reduce costs. Request a FREE demo!

REQUEST FREE DEMO

Such fluctuations in the apparel manufacturing industry pose significant challenges for suppliers in this sector. While a few apparel manufacturing industry players are well-equipped to handle these challenges, the others players in the apparel manufacturing industry have to adopt certain procurement best practices to increase their operational efficiency and reduce costs to preserve margins and maintain the reinvestment rates necessary for future growth.

CONTACT US to know how our solutions can help your business.

Recent Case Studies

Industries

Services

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars
Request Free Proposal