Today, the challenges lie in staying updated with the fluctuating technological developments. Additionally, owing to the growth in innovations, firms operating in the network services space are seeking ways to offer affordable and reliable value-based services to meet the fluctuating preferences of the consumers. As a result, leading businesses in the network services space have started leveraging the use of category management solutions to offer quick and connected service to the consumers.
Moreover, the category management solutions offered by SpendEdge help players operating in the network services space to reduce maverick spends and formulate superior sourcing strategies across the supply chain. Furthermore, these solutions help network services clients decrease their overall inventory spending.
The Procurement Pain Point and Insights Offered
A global network services provider was facing predicaments in assessing the players, supply chain, and supplier diversity in the industry space. Additionally, they were facing difficulties in devising superior sourcing strategies with their suppliers across the supply chain and maintain a better relationship. As a result, they gauge the market dynamics, drivers, and niches influencing the growth of the industry. They also wanted to assess the suppliers pricing and cost structure and conduct a comprehensive price model analysis.
The category management experts at SpendEdge tailored a blended two-step research methodology, which comprised of primary and secondary research coupled with quantitative and qualitative data collection procedures to address the specific business requirements of the client.
This category management engagement helped the network services client increase their visibility into the market dynamics, drivers and niches influencing the growth of the industry. Additionally, with the help of a comprehensive SWOT analysis, the client was also able to devise superior sourcing strategies with their suppliers across the supply chain and maintain a better relationship with them.
Fundamental questions answered in this category management study include
The category management study helped the network services provider enhance their decision making on the supplier selection. Also, the client was able to implement procurement best practices across the supply chain and gain a competitive edge over the peers operating in the industry space.