CASE STUDY

Leading Automotive Components Manufacturer Identifies Best Cost Sourcing Destination for Better Cost Savings

Jul 7, 2022

Business Challenge: Automotive components manufacturer needs to identify best cost sourcing destination

A leading automotive components manufacturer with operations across Europe wanted to assess the possibilities of sourcing a set of raw material categories from best cost sourcing destinations. With a further aim to improve on cost savings, our sourcing intelligence team set out to find the best solution for the client at the fastest turnaround time.

Situation: The automotive components manufacturer was unsure about the key destinations and how to qualify them

The client was interested in understanding if they could procure a set of raw materials from the best cost sourcing destinations. However, they were concerned about the quality and operational difficulties, as they had a set supplier base and had not tried exploring alternative options in the past.

Approach: Identified and developed recommendations on opportunities for sourcing raw materials from best cost sourcing destinations

We took a systematic approach to identify, assess, and recommend on the best alternative sourcing destinations based on the automotive components manufacturer’s procurement pattern and spend levels. We started with an assessment of benefits to quantify the possible savings opportunities for the client, followed by identification of potential sourcing destinations, and shortlisting them based on the exact procurement needs of the automotive components manufacturer. We also identified potential risks with sourcing from the shortlisted destinations and developed recommendations on the mitigation strategies.

Impact: Client gained detailed understanding of possible best cost sourcing destinations and associated benefits and risks

The automotive components manufacturer explored the possibilities of procuring from alternative destinations and the potential benefits. They were clear of all their concerns about taking an unconventional approach of sourcing from emerging markets. We also highlighted the potential risks associated with sourcing from the identified destinations and mitigation strategies for automotive components manufacturers.

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

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

Infiniti Research, Inc. BBB Business Review

Better Business Bureau

Transitioning your category procurement strategy beyond cost-saving and into a strategic function of the organization.

Supplier Benchmarking – Logistics Industry | Supply Market Intelligence

Supplier Benchmarking – Logistics Industry | Supply Market Intelligence

The right partnerships and suppliers help businesses overcome the multitude of challenges and risks that arise in a market, and ensuring the right choice is made, is imperative to maintaining success in a competitive and challenging industry. As companies grow and expand, their partners’ role becomes increasingly influential, and the ideal partner can help attain more success and sustainable growth. SpendEdge helps companies identify the best partners and suppliers for their business, and provides them with the tools to make the right decisions every time they search for potential partners.

read more

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