Accurate forecast of raw material prices, budgeting, and stringent control over inventory will aid in ensuring competitive prices
The chemical industry has a long and complex supply chain, and with globalization being the buzzword, the focus would be on easing bottlenecks
The growing stringency and amendments to regulation and policies imposed on the chemical industry has a huge financial impact.
We help you navigate supply chain disruptions, raw material shortages, and price fluctuations, which are some of the key concerns plaguing the industry
Sourcing raw materials in a cost-effective manner is a key challenge faced by the industry, and our experts can help you identify best-fit alternative suppliers
We help you navigate through the stringent and ever-changing regulatory requirements, thus enabling you to avoid delays in introducing new products and thereby reducing costs.
Navigate the high-cost pressure situation caused by the ever-growing global competition through our suite of procurement advisory services.Talk to Our Experts
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 Moreto see the more on spendedge insights
Gathering data on your supplier’s capability to deliver high-quality products is just not enough. More open communication will ensure suppliers not only deliver with quality but also ahead of schedule.
Classical models of supply-chain resilience don’t seem to be making the cut against unplanned disruptions. This is prompting businesses to build supply lines for the longer term with high bounce-back capabilities.