CASE STUDY

Assessment of Corporate Training Services Market Helps a Leading Pharmaceutical Company

Jun 6, 2017

Category Overview

Corporate training services refer to training programs conducted by service providers to improve the skill sets, knowledge, and productivity of the workplace of organizations. These programs are aligned to meet the targets and the set business goals. An effective training program comprises an identification of training needs, recognizing organizational objectives of training, framing action plans for training, implementing the action plan, and assessing the overall process. The corporate training market worldwide is highly fragmented due to low entry barriers for new entrants; thereby, providing buyers with an advantage of bargaining power. These training services help organizations focus on increasing their ROI by decreasing the development timelines of their workforce.

The Procurement Pain Point

It is noted that many companies in the pharmaceutical industry are facing challenges in transforming the procurement management system to be entirely strategic. This necessitated the need to gain a better understanding of the best practices for improving supplier relationships, price negotiation strategies, and integrating suppliers with the organizational goals. Furthermore, the client wanted to identify the key service providers who can manage programs on a global scale and also wanted to assess their ability to ensure adequacy of data security and services.

Procurement Insights Offered and the Outcome

To help the client gain a better understanding of the supply market in the global corporate training services market, we referred to a vast database of secondary resources including industry journals and reports, internal databases, industry blogs, and category webinars to understand the latest market trends, pricing models, and supplier engagement models. Our analysts also carried out detailed discussions with the category experts, procurement managers, client consultants, and client account heads to gain comprehensive insights on cost structure, cost-saving opportunities, and sourcing and procurement best practices. Furthermore, this study also helped us understand the short-term and long-term growth trajectories in the corporate training industry.

Business Impact

In a mere span of four weeks, the client was able to gain a clear understanding of the global corporate training market in terms of cost saving opportunities, price negotiation strategies, demand-supply shifts, and suppliers’ data security and service capabilities. This engagement also helped the client understand the procurement best practices and supply market landscape in terms of suppliers’ evaluation and selection criteria, cost breakup, and supplier positioning matrix. Furthermore, the study offered the client with an entirely strategic procurement management system and identification of key service providers.

 

This case study offers comprehensive information on how our procurement market intelligence solutions helped a global pharma company understand corporate training market. 

Want to know more?

Capture

Related Articles:

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

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

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

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