CASE STUDY

A Consumer Packaged Goods Industry Client Bolsters Savings Through Strategic Sourcing

Sep 14, 2017

Category Overview

The consumer packaged goods industry is undergoing a substantial shift in its operations due to the arrival of modern digital technologies. These technologies have enabled the consumer packaged goods industry players to augment customer experiences by building more meaningful and deeper relationships. Additionally, firms in this market space can connect with their clients more efficiently and faster and offer tailored solutions.

However, according to SpendEdge’s strategic sourcing specialists, firms in the consumer packaged goods industry are facing challenges such as cost overruns due to unexpected hikes in the material prices and unpredictable technical and logistical challenges. As a result of such challenges, firms across the consumer packaged goods industry have started adopting strategic sourcing studies to bolster savings across the supply chain. Moreover, the strategic sourcing solutions offered by SpendEdge help players in the consumer packaged goods industry to identify the best cost sourcing locations.

The Procurement Pain Point and Insights Offered

A leading consumer packaged goods industry client wanted to bolster savings across the supply chain by making use of strategic sourcing solutions. Moreover, the client also wanted to identify the best cost sourcing locations across geographies. Also, they wanted to gain deeper insights into the risk elements and cost drivers across the supply chain to conduct a comprehensive supplier base analysis.

To address the issues and meet the specific requirements of the client, SpendEdge’s strategic sourcing specialists carried out a blended research methodology, which included primary and secondary research coupled with qualitative and quantitative data collection methodologies.request free proposal

During the course of this strategic sourcing engagement, the consumer packaged goods industry client was able to identify the best cost sourcing locations across geographies. The client also gained deeper insights into the risk elements and cost drivers and carried out a comprehensive supplier base analysis. This helped them improve savings across the supply chain. Additionally, the client also assessed the sourcing suitability across best cost sourcing locations.

Key questions answered in this strategic sourcing study include

Consumer Packaged Goods IndustryBusiness Outcome

The strategic sourcing engagement helped the consumer packaged goods industry client improve savings across the supply chain. The client also identified the best cost sourcing locations across geographies.

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