Impact of Macroecononomic Factors
Augment your budget planning and procurement expertise with exhaustive insights into the impact of macroeconomic factors on commodities and categories.
Contact usHow your business benefits
Track key macroeconomic factors that can impact commodity pricing
- Analyze how major economic indicators (such as GDP, inflation, CPI, PPI) impact commodity costs,
- Study the impact of each criteria on the commodities that are integral to your procurement function
Get comprehensive insights based on historical and forecast analysis
- Accurately predict price movement for key commodities based on historical data and forecasts
- Modify budget plans and enable procurement teams to make effective decisions
Be better prepared to manage risks
- Strengthen risk management through accurate commodity pricing and trend forecasts
- Engage in price hedging through futures contracts
Achieve cost advantages
- Anticipate and plan for variations in the cost of key inputs/raw materials
- Optimize sourcing strategies to stay ahead of the competition
Why choose SpendEdge?
Sound Market Intelligence as a Gamechanger
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.
Boost your Purchase Decision-making Acumen
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.
Identify Lucrative Sourcing Opportunities
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.
Proactively Identify Bottlenecks and Manage Inventory Levels
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.
Featured Case Study
How SpendEdge Helped CPG Giant Streamline Contract Manufacturer Selection Process
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.
Talk to One of Our Experts
The 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 ExpertsInsights
Category Intelligence
Gain insights related to your key spend categories, ranging from important updates, outlook, and engagement models, to in-depth supply-chain risk analysis.
Supplier Intelligence
Improve supplier selection decision making and supplier relationship management through our services covering supplier identification, supplier updates and alerts, and risk and sustainability analysis.
Strategy Support
Improve strategic decision making through our services related to negotiation advisory, best practices, risk mitigations, supplier KPIs and SLAs, and cost optimization mechanisms.
Category Cost and Pricing
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.