Industrial and Manufacturing

With the economy as fragile as it’s ever been in a long time and the rising volatility in commodity costs, procurement teams in the industrial and manufacturing sectors find themselves racing against time to accurately determine sourcing spend and build more resilient supply chains.

Contact us

Challenges faced by the procurement team

Striking a balance between cost and risk

Diversification of the supplier base is the most prominent focus area for procurement teams globally in the pursuit of supply chain resiliency.

  • Carefully weigh the risks and benefits associated with single sourcing and multi-sourcing strategies to keep supply chain disruptions at bay
  • Determine where and when to opt for global sourcing and local sourcing through detailed insights and analyses to cut down manufacturing idle times
  • Identify and engage with suppliers that are well-positioned to deal with supply disruptions and market volatility; maximize the value of supplier engagements by identifying cost-saving opportunities
Connect now Striking a balance between cost and risk
Uphill battle against labor shortages

With the manufacturing workforce increasingly seeking greener pastures, organizations must rise to the occasion fast to restructure compensation structures and keep their head above water.

  • Leverage our insights to optimize manufacturing processes with the right mix of skilled manpower and technology expertise
  • Evaluate the skill gaps prevalent in the industry to devise appropriate strategies and ensure that employees are on the right learning curve
  • Carefully study the latest trends and patterns related to employee needs in terms of both career growth and work-life balance to create a better workplace environment and lower attrition
Connect now Uphill battle against labor shortages
Conducting thorough supplier due diligence to mitigate regulatory risk

The highly dynamic regulatory landscape for industrial and manufacturing sectors necessitates organizations to keep their eyes peeled in order to ensure full compliance across their supply chains.

  • Obtain detailed insights into the regulatory landscapes for all the regions in which you possess manufacturing operations
  • Our experts will help you analyze regulatory hurdles present along the supply chain so that you can quickly intervene and devise corrective actions for high-risk suppliers
  • Sharpen your focus on ESG commitments with the help of our know-how related to the latest sustainability trends shaping the industrial sector
Connect now Conducting thorough supplier due diligence to mitigate regulatory risk

Industries

Industrial Equipment

Industrial Equipment

Industrial Equipment

Equipment manufacturers must contend with a double-edged sword in the form of automation – it’s time to act fast, but not without deep procurement intelligence.

Construction and Building

Construction and Building

Construction and Building

In an industry that’s considered to be arguably the world’s largest yet slowest growing, leveraging technology insights along with supplier intel is key to achieving efficiency and profitability.

Automation and Controls

Automation and Controls

Automation and Controls

Growing need for dependable and cost-effective production processes has made it imperative for organizations to adopt cost modeling solutions for procurement planning.

Talk to one of Our Experts

Supplier evaluation and cost analysis could be the defining components in the quest for sound supply chain management.

Talk to Our Experts

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.

Read More

Dig Deeper with SE Insights Procurement Reports

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.

Resource of the Industry

Top 5 Companies Involved in Explosives Manufacturing

Explosives have evolved from being primarily used in military warfare applications to becoming essential in various i...

Read More

Top 5 Countdown – The Best of MRO Suppliers and Services Vendors

Any company’s job is not all done after the purchase of an equipment, plant, machinery, or such assets. In fact, it...

Read More

Top 5 Pharma Machinery Manufacturers Worldwide

The pharmaceutical industry is experiencing rapid global growth, fueled by technological advancements, rising income ...

Read More

Top 5 Global Amino Acid Manufacturers

Amino acids are organic compounds that serve as the building blocks of proteins and play crucial biological functions...

Read More

Top 5 Vitamin Manufacturers Across the Globe

The importance of vitamins has been emphasized to people since childhood, with school curriculums educating children ...

Read More

Top Ten Manufacturers in the Soybean Oil Market

Soybean oil, derived from soybean seeds, holds a prominent position as one of the most widely consumed cooking oils g...

Read More

Significance of Sourcing Strategies for Companies in the Textile Industry

The textile industry which is usually characterized by intense competition and short product life cycles gradually sh...

Read More

Top 5 Olive Oil Manufacturers Around the World

Olive oil, a liquid fat obtained from olives, is commonly used in cooking and has become increasingly popular in rece...

Read More

Top Transformer Manufacturers Powering the World’s Energy Needs

A transformer is an electrical device that transfers electrical energy between two or more circuits by using the prin...

Read More

Make Informed Procurement Decisions Through SE Insights

Mismatches between your needs and what your supplier delivers could weaken business performance. By collaborating intensely with suppliers, you can ensure your penchant for KPIs grows on them as well.

Navigating the Future of Corporate Travel and Events: A Roadmap for 2024
x