Frequently Asked Questions

Our answers to your most common questions about SpendEdge intelligence services, subscription platform and ready-to-purchase reports. Can’t find the answer to your question?
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Sourcing and Procurement Services

What are the Low-cost country/best cost country assessment studies? We already have a set supply base in the US and quite sceptical about experimenting with new suppliers.

With the help of our procurement market intelligence solutions, we have observed that in the recent times, sourcing certain categories (say metals, chemicals and other raw materials) from emerging markets have helped procurement organizations with achieving significant cost savings. However, the major concern that is faced by category managers is with the credibility of suppliers and the political/economic conditions of these countries. Low cost country assessment studies, along with procurement market intelligence solutions help category managers in carefully selecting the low-cost/best-cost sourcing destinations based on factors such as risk scores, ease of doing business, etc. With the help of our procurement market intelligence solutions and benchmarking best practices, category managers were able to follow a systematic procedure involving identifying ideal low-cost/best-cost destinations, assessment of risks associated with sourcing from these destinations, ranking them based on risk scores etc. We also provide category market intelligence reports to help category managers with the screening of potential suppliers from the shortlisted countries and choosing suppliers based on their capabilities.

Is it risky to engage with suppliers from emerging markets? How credible are they?

There is always risk involved in engaging with suppliers from emerging market, but only when the right suppliers are not selected. The major concern faced by our clients is with evaluation of vendor capabilities and selecting right suppliers based on capabilities. This is exactly where our understanding of emerging markets and capabilities of conducting primary research with local suppliers could help clients mitigate any potential risk. We conduct thorough screening of the suppliers, through sourcing and procurement market intelligence to check their credibility and accuracy of information published on their website and other secondary sources. We also rank the different suppliers based on risk and develop recommendations on the best suppliers to work with.

How do we know if we are following the best-in-class practices? Are the peer group companies performing better than us? Which areas do we need improvement on?

You can always evaluate your practices and performance levels against peer group companies. We have a range of benchmarking best practices and well-crafted sourcing and procurement intelligence solutions/benchmarking solutions that can help you in identifying best-in-class peer group companies, their practices, and what makes them different from the rest of the companies. We can also identify the major KPIs to conduct a detailed comparison of how your procurement organization performs against what is considered to be best-in-class. While your organization might be best-in-class when it comes to certain parameters, our best practice benchmarking solutions help you in mapping areas where significant improvement can be achieved and realize quick cost benefits and process improvement. Some of the techniques that we employ to help clients achieve quick wins include cost breakdown analysis, TCO analysis, and tail spend analysis and consolidation.

What are the TYPICAL COST BENEFITS achieved through use of PROCUREMENT MARKET INTELLIGENCE?

We have typically observed our clients being able to achieve up to 40% cost savings through efficient usage of our procurement market intelligence services. However, this varies in accordance with the exact business problem/solution. Studies such as tail spend analysis and procurement market intelligence could lead up-to 40% savings whereas studies on supplier negotiation strategies typically lead to identification of cost saving opportunities of up to 20% of the actual spend at a category level.

What sourcing and procurement challenges can procurement market intelligence solve?

Some of the most essential questions that procurement market intelligence solutions can help you get answers to include:

  • How can we identify the best suppliers by sourcing and procurement intelligence solutions for direct and indirect categories?
  • Which suppliers are most compatible with our long-term business goals?
  • Are the current suppliers cost efficient?
  • Are the current suppliers stable financially and structurally?
  • Are there alternative sourcing and procurement options that we should consider? What are the pros and cons?
  • Are we at par with the performance levels of best-in-class procurement organizations? What are the potential improvement areas?
What are the benefits of cost model analysis?

Cost breakdown analysis/cost-benefit analysis helps procurement organizations gain insights into the main drivers of suppliers’ costs. This helps procurement managers and buyers to develop negotiation strategies and demand a competitive pricing. As a part of the analysis, key components such as materials, labor, conversion costs, overheads, logistics etc. will be analysed to identify the prime cost drivers. This also gives a visibility on the supplier margins, their current capabilities, fit with organization requirements etc., helping with development of long-term supplier strategy at a category level.

SEinsights™ Platform

What is SpendEdge platform?

SpendEdge is a web-based procurement market intelligence platform that provides access to ready-to-use category intelligence reports specific to 200+ spend areas. This platform is aimed to provide sourcing and procurement professionals with 24*7 access to ready-to-use reports to support them with quick and robust decision making.

What are the key areas covered as a part of SpendEdge reports?

Our reports provide comprehensive coverage of critical areas such as Procurement Best Practices, Negotiation Strategies, Pricing Models etc., along with detailed market and supplier specific insights. These insights are tailored in a way as to help category managers with achieving quick wins and also strategize for long-term benefits.

How are SpendEdge reports different from other subscription reports?

SpendEdge reports provide access to granular insights that are not typically covered as a part of regular standard reports, and our insights are aligned towards helping Category Managers Maximize Cost Savings and Achieve Significant Process Improvement, all at a very competitive price.

Is there a price difference between purchasing individual reports vs. taking a subscription package?

Yes! There is a huge cost advantage associated with our subscription packages. Please get in touch with us to know more. You can submit your enquiry online and our account manager will reach out to you.

How much does the subscription cost?

We have multiple subscription packages to cater varying needs of our clients. SpendEdge is also open to develop a tailored subscription package to meet your research needs and budget. You can submit your enquiry online and we will get in touch.

Could you share a sample report, or is there a demo available?

Yes, we provide free trial access to our portal solution! The trial would be accessible for a limited 14 day period and would provide you access to some of our reports. You can submit an online request for the same and we would set it up for you.

Do you also provide customization option? Most of the syndicated report providers don’t.

Customization is one of our key strengths and we are capable of delivering high degree of customization to meet the exact information needs of your category managers. The exact requirements can be discussed and finalized on a case-to-case basis.

Do you provide discounts for multiyear contracts?

Yes, we do provide significant discounts for clients who sign up for multiyear contracts. Please get in touch with us to know more. You can submit your enquiry online and our account manager will reach out to you.

Procurement Ready-to-Use Reports 

What are the key areas covered as a part of SpendEdge reports?

Our reports provide comprehensive coverage of critical areas such as Procurement Best Practices, Negotiation Strategies, Pricing Models, Category Ecosystem, Category Management Strategy etc., along with detailed market and supplier specific insights. These insights are tailored in a way as to help category managers with achieving quick wins and also strategize for long-term benefits.

How are SpendEdge reports different from other subscription reports?

SpendEdge reports provide access to granular insights that are not typically covered as a part of regular standard reports, and our insights are aligned towards helping category managers maximize cost savings and achieve significant process improvement, all at a very competitive price.

Are the SpendEdge reports customizable?

Yes! We also offer customization option for our reports. In case you want add-on information specific to a particular geography, suppliers of interest, specific price/data points etc., we would be happy to provide additional insights.

What would be the cost for such add-on requests?

The cost for add-on requirements varies on a case-to-case basis depending on the information coverage, geography under focus, category under focus etc. Please share your requirements with us and we will provide you with an estimate.

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