Supply Chain Analysis Helps a Sporting Goods Firm Increase Competence Over Peers
Recently, the management of goods supply has become a significant concern for most of the manufacturing industry stakeholders as manufacturing firms across the globe are focusing on innovations to maximize cost savings and improve automation across their processes. In the sporting goods space, firms are not only worried about maximizing cost savings but are also concerned about mitigating risks associated with the supply of goods. Additionally, the changing preferences of the customers are compelling sporting goods firms to increase their focus on delivering value to the customers. As a result of these daunting challenges, firms operating in the sporting goods space have started advocating the use of robust supply chain analysis solutions. These solutions not only help firms offer cost-effective and best-in-class product and service offerings to the customers but also allows firms to increase their overall profitability and competence over their peers.
With years of proficiency in offering similar solutions, Spend Edge’s supply chain analysis experts help sporting goods firms to determine strategic ways to handle and confine the inefficiencies in their sourcing and procurement processes in a quick lead time while optimizing cost.
The Procurement Pain Point and Insights Offered
A global sporting goods client with business units spread across several geographies was facing predicaments in evaluating their supply chain capabilities and comparing it to that of peers in the industry space. Additionally, the client was also facing difficulties in formulating cost-effective strategies for achieving superior sourcing and procurement processes across the supply chain.
To cater to the sporting goods firm’s predicaments and help them increase their profitability and competence over their peers, the supply chain analysis experts at SpendEdge tailored a robust market research approach that comprised of primary and secondary research methodology coupled with qualitative and quantitative data collection procedures.
During the course of the supply chain analysis engagement, the sporting goods client was able to gain an edge over peers in the industry and significantly reducing their overall costs across the supply chain by identifying their major areas of spend. Additionally, the client was able to cater to the requirements of the customers and serve them better.
Fundamental questions answered in this supply chain analysis engagement include
The supply chain analysis engagement helped the sporting goods client identify inefficiencies across office locations and supply chain. This assisted them in reducing overall costs. Furthermore, the client was given recommendations on ways to boost their overall profitability.