Over the years, globalization has offered new opportunities for the transportation industry, generating the need for more efficient transportation. Additionally, the growing number of cross-border collaborations and technological innovations are also expected to drive strategic investments in different transportation industry subsectors like roads and railways.
However, according to the supply chain analysis experts at SpendEdge, the transportation industry is influenced by factors including sluggish demand, increasing regulations, excess capacity, and increasing marginal and fixed cost centers. Consequently, to reduce overall costs across the supply chain and retain their foothold in this market space, transportation industry players have started adopting supply chain analysis studies. The supply chain analysis solutions offered by SpendEdge, help transportation industry players improve their supply chain capabilities and profitability.
The Procurement Pain Point and Insights Offered
A global transportation industry player wanted to assess their supply chain capabilities and compare their efficiencies to that of competitors in the industry. Additionally, the client wanted to identify the significant areas of spend across office locations and supply chain to reduce the overall costs.
To cater to the business requirements of the client, SpendEdge’s supply chain analysis experts tailored a comprehensive research methodology, which included primary and secondary research coupled with quantitative and qualitative data collection procedures to address the issues of the client.
During the course of this supply chain analysis engagement, the transportation industry client identified their significant areas of spend across office locations and supply chain. Additionally, the client assessed their supply chain capabilities and compared efficiencies to that of their competitors to serve clients better. This helped them gain a competitive edge over their peers and significantly reduce the overall costs across the supply chain.
Fundamental questions answered in this supply chain analysis engagement include
This supply chain analysis engagement helped the transportation industry client effectively reduce overall costs across the supply chain. Furthermore, the client gained actionable insights on several cost components to increase their overall profitability.