The Procurement Pain Point
One of the leading manufacturing companies with a global presence was in need of a workforce on temporary contractual terms. The client was facing challenges in identifying the top suppliers in terms of service offerings, contract terms and agreements, and revenue. The client also wanted a comprehensive understanding of the different aspects of supply market such as supplier types, price negotiation strategies, and performance evaluation criteria.
Procurement Insights Offered and the Outcome
To assess the supply market for contracted workforce, SpendEdge deployed a team of highly experienced analysts to work in both international and local markets exploring all the possible outcomes. Our analysts were further backed up by our vast database of secondary resources, and inputs from the industry experts on the latest trends, the supply market dynamics, market trends, price negotiation strategies, and key supplier engagement models. Furthermore, this supply market study offered the client an in-depth knowledge of the supplier’service offerings and cost structure, factors influencing pricing, contract terms, and service level agreements.
In just four weeks, the manufacturing company was able to shortlist the best-suited contracted workforce suppliers in the market. This supply market study also assisted the client benchmark the pricing standards, reduce the overall category spend, and effectively identify the top suppliers, and improve the sourcing and procurement process.
This supply market intelligence study offered the client insights into the supplier cost breakup and suppliers’ performance evaluation criteria.