CASE STUDY

SpendEdge’s Category Management Solution Helps an Automobile Engineering Client Achieve $6 Million in Savings

Feb 17, 2018

Overview of the Automobile Engineering Industry

The growth of the global automobile engineering space can be attributed to factors such as easy finance options, declining interest rates, and robust government incentives to promote the car culture.

Over the past few years, the global automobile engineering industry has been witnessing drastic changes due to the increasing environmental concerns and the rise of new players, amid global economic uncertainty. As a result, firms within the automobile engineering industry are investing highly in R&D to introduce emission reduction technology and self-driving vehicles into the existing architecture. Renowned automobile engineering companies are also planning to re-define their production lines to stay competitive.

Furthermore, some of the factors influencing the growth of the industry include:

  • Stringent regulations: The automobile industry is witnessing an increase in regulations with respect to safety and environmental standards. request free proposalAs a result, leading automobile engineering companies are facing challenges to develop alternative power-train technologies for lower-emission vehicles.
  • Digital demands: With the radical shift toward digitization, digital channels have become the primary information source for the customers of the automobile engineering space. Also, the rise of online purchasing is paving the way for relentless competition from online retailers; which makes it necessary for businesses to revamp their existing product portfolios.

The Business Challenge and Journey

The client, a leading player in the automobile engineering space, had no standardized sourcing process. The client was also facing declining pipeline issues of new products and increasing costs across their business units. Additionally, their procurement team was not involved in many areas of spend and seen as “order raisers” or contract administrators. As a result, the client wanted to transform their procurement activities into a strategic unit.

To help the client overcome their predicaments, the category management experts at SpendEdge tailored a wide-ranging research methodology. The research approach included primary and secondary research coupled with qualitative and quantitative data collection methods.

During the course of this category management engagement, the automobile engineering client was able to design a new category management process and toolkit for their procurement activities. Additionally, the client developed a quick win program set up to generate higher savings.

Key questions answered in this category management engagement

The Results

The category management engagement helped the client build better stakeholder relationships in the business. This helped them achieve savings of $6 million over a 12-month period.

To know more about our category management solutions

request free proposal


Related Reports 

[ess_grid alias=”Blog-studio” settings='{“max-entries”:”6″}’ special=’related’][/ess_grid]

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

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

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

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