Procurement professionals in the industrial and manufacturing sector are faced with the need to forecast sourcing expenditures for the long-term, in addition to sourcing commodities and raw material ingredients from several different suppliers across the world. With energy costs and prices in procurement in manufacturing being increasingly volatile, it becomes more challenging to forecast the procurement budget for any commodity. Bringing together a team of experienced category and commodity experts who combine industrial expertise with advanced tools in procurement in manufacturing industry and procurement intelligence, we help businesses identify opportunities to reduce their supplier management costs and make better purchasing decisions.
Categories we Cover
Sectors we Serve
With several end-user segments and the availability of suppliers across various geographies, industrial equipment manufacturers have a number of opportunities to increase their profit margins and achieve improved cost savings through optimized procurement in manufacturing industry. However, with industries increasingly adopting the trend to automate their processes and sourcing intelligence, procurement professionals in the manufacturing industry are frequently faced with purchase requests for new equipment to meet consumer demand and differentiate products from competition. Identifying key pricing elements and the pricing model followed by various suppliers, SpendEdge’s procurement market intelligence experts offer pricing & procurement market intelligence solutions that will help business manage procurement risks across various business units.
Construction and Building
Though players in the construction and building industrial sector focus on forming strategic partnerships with suppliers, these relationships often remain cost driven. Helping sourcing specialists make better procurement decisions, we at SpendEdge provide real-time supplier info and procurement market intelligence solutions that cover aspects such as a suppliers’ financial announcements, new products or services launched by suppliers, the impact of M&As and JVs announced by suppliers, new clients they acquire, and their pricing models. This provides opportunities to effectively manage supply chain, procurement in manufacturing industry, and the associated risks through sourcing intelligence to help buyers make improved procurement decisions in the manufacturing industry.
Automation and Controls
With innovative technologies easing industrial processes, vendors in the automation and controls manufacturing industry have the constant need to adopt advanced technologies to meet consumer demand. Identifying efficient suppliers comes as the major challenge to purchase decision makers for procurement in manufacturing industry. With commodity prices becoming increasingly volatile, without the right sourcing intelligence it becomes increasingly difficult to pick buyers without a standardized cost-model analysis. Developing cost scenarios based on alternate sourcing locations and price fluctuations, and even suggesting alternate production processes, SpendEdge’s procurement market intelligence solutions help clients by developing robust strategies and procuring the right products and services with accurate procurement market intelligence insights.