CASE STUDY

Spend Management Solutions Help Machine Tools Manufacturers to Cut Down Maverick Spends Across the Supply Chain

Oct 16, 2017

Category Overview

Over the years, the machine tools manufacturing industry has been proliferating due to the increase in the use of robotic-assisted technologies, surging automation, rising popularity of carbon fiber-reinforced polymers and use advanced grinding techniques in various end-user industries. Moreover, increase in investments in the expansion of manufacturing capabilities for durable goods is also driving the growth of the machine tools industry. However, according to the spend management experts at SpendEdge, the high costs involved in procuring machine tools parts is of the primary reasons for the industry’s sluggish growth. As a result, players in the machine tools manufacturing industry have started adopting spend management studies to cut down the maverick spends across the supply and gain a superior competitive advantage over their peers.

Moreover, the spend management solutions offered by SpendEdge, also help machine tools manufacturing clients gauge and improve their business decisions by formulating cost-effective strategies.

The Procurement Pain Point and Insights Offered

A global machine tools manufacturing player wanted to reduce material spends and inventory costs across the supply chain. As a result, the client wanted to gain insights on their spend pattern. Additionally, they wanted to integrate all their procurement and sourcing functions into a single process and increase their capability over the peers operating in the machine tools manufacturing industry.request free proposal

The spend management experts at SpendEdge tailored a comprehensive two-step research method, which included primary and secondary research coupled with quantitative and qualitative data collection methodologies to address the client’s specific business issues and requirements.

During the course of this spend management engagement, the machine tools manufacturing client was able to integrate their procurement and sourcing functions into a single process which helped them operate in low-cost procure-to-pay process. This helped them gain a superior competitive edge over their peers.

Fundamental questions answered in this spend management study include

Machine ToolsBusiness Outcome

With the help of this spend management engagement, the machine tools manufacturing client was able to improve their spend visibility and cut down the maverick spends across the supply chain. Furthermore, the client also enhanced the policy compliance with their suppliers and condensed the overall risks across the supply chain.

Want to know more about our spend management study?

request free proposal

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

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