The Procurement Pain Point
To understand the general practices in providing company cars to employees, a global leader in manufacturing and supplying cost-effective healthcare solutions approached SpendEdge to engage in a research study focused on the assessment of the best practices for the management of company cars in the target regions. The procurement market intelligence study on company cars management would also help the client gain comprehensive insights into the supply market, pricing, and procurement strategies specific to company cars category.
The primary objective of this company cars management study was to help the client gain a clear understanding of the general best practices for company cars management and the procurement strategies for offering such services to employees. Additionally, this procurement market intelligence study on company cars management also helped the client gain insights on how companies classify perk and non-perk cars.
To meet the category requirements for company cars management, SpendEdge’s team of procurement market intelligence experts followed a blended approach of combining in-depth secondary research with primary interviews and track the latest developments and procurement trends in the market. Morover, our procurement market intelligence experts also reached out to industry experts and key stakeholders to understand the market’s short and long term growth prospects and changing trends for company cars management.
Procurement Insights Offered and the Outcome
To address the requirements specific to the needs of the client – a global company manufacturing healthcare devices – we deployed a team of supply market analysts who followed a blended research methodology consisting of in-depth qualitative and quantitative research followed by data analysis and insights development. Our procurement specialists worked directly under a project manager with significant experience in conducting specific procurement studies for vehicle fleet categories.
In a mere span of just five weeks, the client – a leading healthcare company that primarily focuses on manufacturing medical devices – was able to gain a clear understanding of the practices followed in providing cars to employees and also gain insights on the procurement best practices, which would help reduce the overall cost for the company. Additionally, the procurement market intelligence solution for company cars management also helped the client develop robust strategies for the effective management of company cars for employees and also understand the approaches and policies followed by other peer group companies.
Some of the additional questions answered by our procurement market intelligence study on company cars management includes
– What are the general best practices for company cars management?
– What is the basic operating model?
– Do companies typically lease, or purchase vehicles?
– What are the typical pricing/leasing options?
– What are the average prices per car?
– Do the peer group companies utilize vehicle tracking companies as a way to monitor personal use?
This case study offers comprehensive information on how our procurement market intelligence study helped a global client understand the best practices for company cars management.