Procurement managers 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 procurement prices being increasingly volatile, it becomes more challenging to forecast the procurement budget for any commodity. Executing a team of experienced category and commodity experts who combine their industrial expertise with advanced tools, SpendEdge helps businesses identify opportunities to reduce their supplier management costs and make better purchasing decisions.
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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. However, with industries increasingly adopting the trend to automate their processes, procurement managers are frequently faced with purchase requests for new equipment, to meet consumer demand and differentiate products from the competition. Identifying key pricing elements and the pricing model followed by various suppliers, SpendEdge’s procurement experts offer pricing 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 their suppliers, these relationships mostly remain cost driven. Helping sourcing specialists make better procurement decisions, we at SpendEdge provide real-time supplier info that covers various aspects such as the 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 will provide opportunities to effectively manage the supply chain and the associated risks and help buyers make improved sourcing and procurement decisions.
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. With commodity prices becoming increasingly volatile, it becomes increasingly difficult to pick buyers without a standardized cost-model analysis. Developing cost scenarios based on alternate sourcing locations ad price fluctuations, and even suggesting alternate production processes, SpendEdge’s solutions help clients developing robust strategies and procure the right products and services.