Since our inception, our team of experts has worked with a large number of clients from various industries with highly varied needs to enable them to strengthen their procurement and sourcing teams by providing them with dependable and effective solutions fully customized to suit their business goals.
At a time when prices and market conditions are subject to high volatility, it is crucial for organizations to take the right call at the right time when it comes to procurement. We help our clients analyze pricing patterns and supply-demand dynamics to ensure they make informed and timely decisions that will guarantee sound business outcomes.
Procurement teams are often faced with challenges posed by the highly unpredictable nature of commodity markets, especially since the outbreak of the COVID pandemic. Our commodity tracking solutions will help you capitalize on sourcing opportunities by providing you with well-founded intel on pricing trends and market fundamentals.
A careful and detailed study of the impact of macroeconomic factors on the prices of commodities that are key to their business operations will allow organizations to be in a strong position to mitigate potential challenges and manage inventory appropriately. Efficient procurement planning in turn translates into lower risk of inventory shortage and improved supply chain performance.
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 ProcurementThe threat of supply disruption hangs over every business. Unless CPOs plan for it, the crisis could well be imminent. An “early warning alert” is the best insurance against supply risks.
Talk to Our Experts
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.