The Procurement Pain Point
A leading paint manufacturer was looking for a detailed overview of the supply landscape of the global steel drums market. The client was facing challenges understanding the category landscape, cost components, pricing structure, and procurement best practices specific to the industry. Regardless of being one of the top players in the industry, the client lacked the expertise and tools to provide the sourcing team with insights on procurement best practices. Moreover, the client wanted a clear understanding of the latest supply market trends, pricing and costing overview, service level agreements, category risk analysis, and suppliers’ evaluation and selection criteria.
Procurement Insights Offered and the Outcome
With our extensive research process and highly experienced analysts, SpendEdge’s team carried out primary and secondary research backed by quantitative and qualitative data analysis. Our significantly vast database of secondary resources helped our analysts identify the key end-user segments, market size breakup and growth rates, cost categories, key buyer requirements, and key performance indicators. Furthermore, the study offered the client deep insights into the suppliers’ operational and functional capabilities, supplier cost breakup, supplier positioning, demand-supply shifts, and major service providers in the target region.
Business Impact
This supply market intelligence study helped the paints and coatings manufacturer get a comprehensive overview of the key suppliers, procurement best practices, price negotiation strategies, key cost drivers, and major competitors in the target region. This study also offered the client a better understanding of the category-related cost components, supplier engagement models, and overview of the industry cost model.
This procurement market intelligence study offers information on how we helped a global paints manufacturer streamline their sourcing and procurement process.
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