Aviation Industry Analysis
The global aviation industry continues to proliferate due to the change in the way people conduct their businesses across the globe. With recent developments in the aviation industry, the travel time has reduced; thereby, altering the concept of distance and making it more likely to conduct business in places once considered isolated.
According to Spend Edge’s procurement market intelligence analysts, it has been noted that maintaining consistent and robust profitability is elusive largely due to the complex nature of the aviation industry and its vulnerability to exogenous events that take place often. As a result, many players in the aviation industry have started opting for procurement market intelligence studies to assess the dynamics, drivers, and niches of the supply market. Moreover, the procurement market intelligence studies offered by SpendEdge help the key players in the aviation industry to gain an overview of players and supplier diversity in the supply chain.
A leading player in the aviation industry wanted to assess their overall procurement competence and gain a detailed understanding of the supply market. Additionally, the client also wanted to evaluate the suppliers’ pricing, cost structure, and conduct a price model analysis to enter into a better contract negotiation with the current suppliers.
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The procurement market intelligence analysts at SpendEdge carried out an in-depth industry analysis which included primary and secondary research coupled with qualitative and quantitative data collection methodologies to cater to the specific category requirements of the client. During the course of this study, the client was able to gain an in-depth understanding of the barriers and opportunities to the supply market. Additionally, the aviation industry client was also able to devise new sourcing strategies and reduce costs through the suggested enhancements in organizational structure.
This procurement market intelligence study helped the aviation industry client save enormous amounts in their procurement operations. Additionally, the client was able to gain a detailed understanding of the supply market to serve their customers better.
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