Importance of Supply Chain Management
Supply chain management process is an integral part of every organization. A Supply chain management process includes the dynamic management of supply chain activities to achieve a sustainable competitive advantage and maximize customer value. Additionally, the supply chain management process streamlines everything from product flow to unforeseen natural disasters. Also, with the help of efficient solutions, businesses can diagnose problems and disruptions perfectly.
Overview of the Heavy Equipment Industry
The heavy equipment industry’s economic performance is subject to trends and activities in an array of downstream industries, including air, sea, rail transportation, and many more. Over the past five years, overall growth in the economy, which has encouraged growth in construction and industrial activity has supported the heavy equipment industry’s revenue. Even though the demand has subsided in recent years with the increasing globalization and the rise of big data, stronger growth in the industry’s downstream markets will lead to the higher demand for heavy equipment in the coming years.
About the Client
The client is a renowned heavy equipment manufacturer in the US.
Interested to know how a supply chain management process helps a heavy equipment manufacturer? Continue reading or request a FREE proposal.
The client, a leading heavy equipment manufacturer with business units spread across the globe wanted to develop and implement a centralized logistics network for their procurement activities. The client also wanted to streamline their supplier and carrier services for enhanced performance and accountability. Additionally, the heavy equipment manufacturer wanted to reduce the amount spent in the categories and also rebalance their supply base to address the rising demands from global markets.
The supply chain management experts at SpendEdge conducted a comprehensive research to help the client transform their order-to-cash process. With the help of SpendEdge’s supply chain management solution, the heavy equipment manufacturer centralized their company’s logistics operations. This supported them to improve both efficiency and visibility throughout the network, as well as reduce supply chain costs.
For over a decade, SpendEdge has been efficient in providing sourcing and procurement strategies to 500+ organizations across the globe. We offer in-depth procurement insights that assist our clients in devising powerful sourcing and procurement strategies.
To know more about our supply chain management process and solutions, get in touch with our experts!