Though mining companies have taken substantial steps towards strategic sourcing, centralizing supply functions, and standardizing and rationalizing equipment, procurement processes in several organizations still seems to be outdated. With a large number of ad-hoc purchases breaching procurement rules and instances of duplicate payments for the same items, the industry faces several challenges that demand the need to develop robust procurement market intelligence strategies. With an in-depth analysis of the clients’ requirements, SpendEdge provides detailed information on how to effectively source the given procurement category and also identifies opportunities for development.
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Though companies in the mining equipment sector are in the need of requirement of expensive and sophisticated equipment to meet customer demands, achieving cost savings through procurement and the supply of improved mining equipment continue to be a major concern for players in the industry. Numerous mining companies have deferred investments in new mining projects due to declining commodity prices. With sourcing specialists who combine their industrial expertise with advanced tools, SpendEdge offers procurement market intelligence solutions that will help procurement managers identify efficient suppliers, compare supplier costs, and make informed sourcing decisions.
Ferrous & Non-Ferrous Metals
From fluctuating prices to intense competition, mining companies face constant challenges in sourcing ferrous and non-ferrous metals. This sector is characterized by low flexibility and high capital intensity. The access to raw materials and energy at competitive prices are the key challenges of the metal producers. By realizing the complexities, our procurement market intelligence experts provide a detailed analysis of the cost elements, efficient suppliers, and the associated risks, and savings opportunities, that help clients adopt comprehensive procurement practices.
Though the market has several precious metals suppliers, SpendEdge's procurement market intelligence solutions help enterprises make informed procurement decisions based on our in-depth analysis involving various aspects such as present and future requirements, supplier conduct, and compliance with regulatory requirements.