CASE STUDY

Business Impact Analysis: How a Renowned Automotive Industry Player Leveraged SpendEdge’s Solution to Reduce Potential Risk by 20%

Nov 16, 2018

A Road Map to the Future for the Automotive Industry

The past few years have witnessed the automotive industry taking tremendous leaps in terms of technological innovations. With new players increasingly entering this ecosystem, new processes, customer channels, and product life cycles are expected to bring in the next surge of change in the automotive industry.

The automotive industry is significantly influenced by the ongoing technological advancements. Powerful technologies are enhancing customer experiences, with capabilities far beyond the reach of science. As a result, automotive industry players will have to be cost consistent, productive, and more responsive to the changes in the automotive industry trends to be a part of this change in the following years.

Importance of Business Impact Analysis

DemoBusiness impact analysis refers to the process of determining, estimating, and assessing the potential effect of interruptions or stoppages of critical operations and processes of the business due to an accident, emergency, or disaster. It is a well-organized method of predicting the possible and probable consequences of these disruptions, usually with a worst-case scenario perspective. Conducting a business impact analysis is about setting priorities, identifying which processes are most vital, gauging how long you could go without them, and determining how best to get the lights back on if things went wrong.

Why SpendEdge? 

Spendedge is a global procurement intelligence advisory firm & preferred market intelligence partner for leading companies across industries. Our procurement solutions have assisted procurement and sourcing professionals from the top 500+ companies to gain actionable insights for better decision making.


Wondering how our impact analysis engagement can help you engage and retain your customers? You are just one step away. Start your 7-day FREE trial today!

About the Client 

A leading automotive manufacturer based out of the US.

Predicaments Faced 

DemoLike all other companies in the automotive space, the client, a renowned automotive manufacturer, wanted to recognize the prevailing threats across the supplier channels and develop robust mitigation strategies. The client also wanted to obtain better visibility into their supply chain processes and devise approaches to efficiently manage the supply chain risks. By employing a reliable impact analysis template, the client in the automotive space wanted to save logistics costs and increase product quality.

Solutions Delivered 

To start their journey on the right note, the automotive industry client approached SpendEdge to leverage its expertise in developing an effective impact analysis template. Thus, to understand the market requirements, the experts at SpendEdge carried out a thorough research comprising of interviews and discussions with leading stakeholders in the automotive space. The business impact analysis solutions offered by SpendEdge helped the automotive industry client devise practical risk mitigation strategies by utilizing resources such as the people, process, and technology.

The client was able to understand the prevailing state of the supply chain and precisely forecast the disruptions to enhance the business performance. Furthermore, the client was able to distinguish the most critical suppliers for the business and prevent and mitigate the impact of supply chain breakdowns. Also, through this engagement, the client was able to build the right foundation for their supply chain by devising an effective impact analysis template.

Have questions or want to know more about our procurement services? Get in touch today!

Contact US

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