Over the past few years, players in the automotive industry have started working towards improving supplier relationship and building trust with suppliers to boost their profits and ROIs. Additionally, automotive industry players are deploying robust supply chain analysis studies to establish an effective procurement strategy and improve the quality and delivery of supply chain activities. Supply chain analysis also helps firms in the automotive industry space to keep a real-time track of supply chain activities, thereby creating a flexibility into the movement and direction of the product offerings.
Moreover, the supply chain analysis solutions offered by SpendEdge, help clients efficiently allocate resources, improve customer delivery, and streamline after-sales services and support.
The Procurement Pain Point and Insights Offered
A renowned global automotive industry player was facing predicaments in identifying the inefficiencies in the supply chain and devising effective strategies to speed up their procurement and sourcing process.
To cater to the precise business requirements of the client, SpendEdge’s supply chain analysis experts tailored a comprehensive research methodology, which included primary and secondary research coupled with quantitative and qualitative data collection method.
This supply chain analysis engagement, helped the automotive industry client assessed their supply chain capabilities and compared efficiencies to that of their peers. They also identified their major areas of spend across the supply chain and office locations. This helped them gain a competitive edge over their peers in the automotive industry.
Fundamental questions answered in this supply chain analysis engagement include
This supply chain analysis engagement helped the automotive industry client cut down their overall spend across the supply chain. The client was also able to identify the current inefficiencies in the supply chain and was able to evaluate the overall buyer and vendor performance.