Over the past few years, players in the automobile industry have started increasing their visibility through robust product offerings owing to the unremitting growth in the field of technology. Also, leading businesses operating in the automobile industry space have started leveraging the use of promising solutions to categorize and mitigate the supply chain risks across platforms. Supply chain risk management solutions help automobile industry players in gaining a better visibility into all the procurement and sourcing operations and allow suppliers to limit the logistics costs.
To gain an end-to-end visibility into the supply chain risk factors across the globe, a renowned automobile industry client approached SpendEdge. SpendEdge’s supply chain risk management studies help firms operating in this industry space to streamline and integrate the supply chain processes effectively.
The Procurement Pain Point and Insights Offered
A global automobile industry client was facing predicaments in formulating supply chain risk management strategies to analyze the supply trends and forecasts and gain profitability across the supply chain. As a result, they wanted to understand their current state of supply chain coupled with the import or export scenario. Additionally, the client wanted to identify the likely bottlenecks across the supply chain and resolve it.
SpendEdge’s supply chain risk management experts followed a comprehensive research methodology comprising information from a wide array of primary and secondary resources coupled qualitative and quantitative data analysis to gain detailed insights into the risks associated with the supply chain.
The automobile industry client was able to proactively manage the supply chain risk and deliver better product offerings. Additionally, the client achieved a better traceability of their products and understood the compliance and regulatory requirements across platforms.
Fundamental questions answered in this supply chain risk management study include
This supply chain risk management engagement helped the automobile industry client devise practical measures to mitigate the supply chain risks across geographies. Additionally, the client was able to strengthen the supplier relationship and implement better sourcing and procurement strategies.