Category managers and procurement teams often have to contend with the challenges posed by rising commodity price volatility and unforeseen external macroeconomic forces and geopolitical tensions. Enter our team of experts! Clients from various industries have capitalized on their engagement with us to avail invaluable commodity price trends and forecast analysis and ease their way through difficult and unpredictable market scenarios.
Fluctuations in commodity markets can occur rapidly and without warning, leaving procurement teams scrambling to find solutions that will help protect their organization from significant supply chain disruptions or cost inefficiency. Our timely and transformative solutions will enable them to respond quickly and redress their strategies to stave off potentially perilous business outcomes.
Our commodity price forecasting solutions are fully customized to suit specific needs of clients and cover the spend categories that are of utmost importance to them, but more importantly, they are developed with the help of a platform that is built to deliver the highest level of commodity forecast accuracy using self-learning models.
Besides providing dependable and actionable pricing insights to our clients, our platform design and solutions are also focused on easing the process of tracking commodity prices and trends across various geographies. This will enable category managers and procurement teams to quickly rethink their strategies and formulate appropriate corrective measures.
Challenge: Faced with intense competition and the need to improve profit margins, our client turned to SpendEdge for assistance in overcoming their business challenges. One of the main strategies involved migrating cost-intensive operations to low-cost destinations.
Solution: Our team at SpendEdge assisted the client in streamlining their contract manufacturer selection process. Leveraging our expertise and market research methodology, we identified key contract manufacturers for the client’s ready-to-eat product line.
Result: The client successfully addressed their business challenges and achieved improved profit margins and reduced operating costs. All the while, also enhancing product quality and expanding manufacturing capabilities.
Read More Know about SpendEdge ProcurementCoping with risks related to commodity price fluctuations can be arduous for organizations, but this task can be made largely hassle-free with accurate and detailed commodity price trends analysis and forecasts.
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Gain insights related to your key spend categories, ranging from important updates, outlook, and engagement models, to in-depth supply-chain risk analysis.
Improve supplier selection decision making and supplier relationship management through our services covering supplier identification, supplier updates and alerts, and risk and sustainability analysis.
Improve strategic decision making through our services related to negotiation advisory, best practices, risk mitigations, supplier KPIs and SLAs, and cost optimization mechanisms.
Keep a close look at price movements and forecasts for key commodities and the impact of different cost drivers to formulate effective cost reduction strategies.