Rate Card Benchmarking
Strengthen your operational and financial performance and put yourself in the driver’s seat during contract negotiations utilizing our rate card benchmarking analysis.
Contact usHow your business benefits
Gain a comprehensive understanding of the domains under focus
- Break down the market landscape for the overall category you’re looking to study
- Evaluate the feasibility of markets/regions based on PESTLE analysis specific to the category
Assess rate cards for specific job roles
- Identify hourly rates for each job role under focus by factoring in all necessary considerations
- Compare rate cards for specific job roles across various countries
- Get market definitions for all the job roles under focus
- Evaluate other billing rate components such as overheads, profits, salary, and benefits
Study factors that affect hourly rates
- Monitor rates based on project type, experience and designation of personnel, and strategic value
- Make cost-effective decisions that will also ensure business continuity
Evaluate prevalent pricing models and industry trends related to billing rates
- Distinguish between feasible and infeasible pricing structures to reduce cost
- Supplement supplier negotiations with the help of valuable billing methodology know-how
Avail Additional Scope-specific Information
- Evaluate current engagement models to identify the best-suited one for your needs
- Analyze the procurement best practices of peers and competitors
- Anticipate potential changes in rates via outlook analysis
Why choose SpendEdge?
Long-standing Expertise in Rate Benchmarking
Procurement and sourcing intelligence being one of the very core focus areas of our business, we have provided several reputable clients with highly customized rate card benchmarking studies that help them navigate markets ripe with high price volatility and ensure they are well equipped with reliable insights to make cost-effective purchase decisions.
Get Thorough Comparative Analyses
A basic comparison of pricing metrics may reveal differences among competitors but that may not be sufficient to make informed decisions that will ensure profitability and continuity. It’s highly essential to understand the factors that cause these differences in order to gauge regional variations in prices and anticipate price changes in the short- and long-term with high accuracy.
Achieve Procurement Excellence with Case-specific Solutions
Procurement decisions may seem straightforward in some ways at the outset, but the scope goes way beyond simply looking at what the best rates in the market are or which suppliers offer the lowest rates. Our experts work with clients to fully understand their needs and then identify and define the criteria and methodology that will yield the best possible outcome.
Evaluate Industry-wide Sourcing and Procurement Best Practices
In a rapidly changing environment, it is imperative for organizations to be aware of the best practices related to sourcing and procurement to keep up with peers and potentially gain a competitive edge over them. Our analysts perform deep-dive analysis to offer clients relevant insights using case studies that highlight some of the most recent and successful procurement process improvements.
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
In times of unprecedented pricing uncertainty arising from scenarios such as COVID or political unrest, inventive yet reliable rate card benchmarking solutions are the need of the hour.
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.