CASE STUDY

Spend Analysis Helps an IT Industry Client Identify Millions of Pounds in Efficiency Savings

Sep 14, 2017

Category Overview

Today, the IT industry is facing extensive pressure from the end-user segments to reduce the cost of products and services to meet the rising expectation of the customers. The consumers of today are more informed than ever before and are looking for cost-effective solutions that provide maximum ROI. To gain better visibility into the spend patterns, organizations across the IT industry are leveraging the use of robust spend analysis solutions. Effectively implementing spend analysis data helps IT services industries to gain up-to-date information on spend records and effectively benchmark the spend profile with that of the competitors. In the IT industry, spend analysis solutions help leading IT firms to cleanse, validate, enrich, and classify data and generate accurate, actionable information with better visibility across the enterprise.

With the relentless growth of technologies in the IT industry, leading IT firms are paying a lot more attention on their spending attributes to identify opportunities and generate better ROI. To generate better insights on the spending patterns, leading procurement organizations are relying on SpendEdge’s spending analysis solution. With years of expertise in offering a plethora of services, SpendEdge’s spend analysis experts provide state-of-the-art solutions to the clients so that they gain better insights on spending trends and buying activities.

The Procurement Pain Point and Insights Offered

For the sustenance of any organization, keeping track of their spending patterns plays a pivotal role. Like several other organizations, a leading IT organization saw a surge in their spending patterns and wanted to understand the reason for the increase in their spending behavior. request free proposalThe client also wanted to gain better visibility on their business spend, manage organizational spend, and identify cost saving opportunities. Furthermore, the client wanted to develop a robust spend analysis solution to identify millions of pounds in efficiency savings.

To gain granular insights on trends and buying activities, the spend analysis specialist at SpendEdge carried out a comprehensive research methodology comprising of primary and secondary research with leading stakeholders in the IT industry. In addition, during the course of the spend analysis engagement, the client was able to gain insights on the businesses’ buying behavior and identify the loopholes in the IT industry in terms of savings leak, varying prices, and purchasing overlaps.

Key questions answered in this supply chain analysis include

SP-spend analysis

Business Outcome

With the help of this spend analysis engagement, the client gained real-time insights on the spend visibility, compliance, performance ratings, and inventory status. Furthermore, the spend analysis engagement also helped the client access, organize, and analyze spend data to effectively devise business strategies to budget, plan, and manage inventory.

Want to know more about our spend analysis solution?

request free proposal

Recent Case Studies

Driving Value through Strategic Category Management

Driving Value through Strategic Category Management

Over the past decade, the impact of strategic category management in the role of procurement role within an organization has become increasingly profound. No longer is procurement considered a tactical arm of the enterprise whose key tasks are purchasing and brokering...

read more

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