Over recent years, there have been various industry developments that served as or caused trends in procurement. These procurement trends include technology changes, novel strategic approaches, new processes, and necessary adaptations to change. As supply chains become increasingly complex, procurement has become highly crucial and influential in the production process and continues to grow.
Retail and CPG
We help our clients secure sustainable supply chains in preparation for disruption, and identify new trends in consumer behavior before they’re even trends.
Retail and CPG Industry Overview
Continuous developments in online and mobile shopping behavior causing significant disruptions across the retail industry, and market pressures such as increasing raw material costs and the volatility of fuel prices are adding to the day-to-day challenges faced by players in the retail industry and CPG sector. All these challenges pose a constant threat to the profit margins of companies looking to establish themselves in the retail industry. While the prime strategies of organizations are currently aligned towards quality assurance and advanced planning to improve customer satisfaction, there is a pressing need for strategies that could help realize better savings. SpendEdge’s procurement market intelligence solutions for the retail industry are tailored around helping clients assess possibilities and implement strategies to improve sourcing and procurement decisions.
Food and Grocery Retail
One of the prime challenges faced by food and grocery retailers is aligning the sourcing and procurement process with the overall organizational business goals. With increasing volatility in consumer demand and ever-changing commodity prices, it is an ongoing challenge for retail industry players to implement the right strategy to tackle challenges. Our procurement market intelligence solutions are aligned towards helping clients overcome these challenges. SpendEdge offers tailor-made solutions for the deployment of enterprise-wide unified procurement processes and the implementation of category-specific procurement and sourcing strategies for improved outcomes across the retail industry.
Apparel and Accessories
With rapidly changing customer trends that demand variety and socially responsible products delivered at lower costs, apparel and accessories retailers are forced to remain flexible and still achieve profitability. To tackle these key challenges, retailers are working to identify ways of improving profitability and streamlining operations in order to outperform the competition. SpendEdge’s procurement market intelligence solutions for the retail industry are developed with the aim to help clients with key measures such as renegotiating with suppliers, optimizing distribution channels, and benchmarking against best practices of peer group companies in the retail industry space.
Consumer Packaged Goods
Facing challenges such as increasing raw material and commodity prices, pressure from regulatory bodies, and ever-changing consumer preferences, CPG companies are in a position where they need to innovate constantly and preserve customer loyalty. Prime expenditures for CPG companies include raw materials, logistics, packaging, and marketing, and our tailor-made solutions focus on helping clients achieve improved savings through assessing contracting best practices, identifying t he best sourcing destinations, and understanding best practices for optimizing logistics operations across the retail industry.
Direct and Indirect Spend Categories
- Home appliances
- Electrical/electronic equipment
- Computing devices
- Agricultural raw materials
- Private label sourcing
- Dairy products
- Bakery products
- Gardening equipment
- Pharmacy supplies
- Aluminum bags/pouches/foils
- Plastic containers/caps
- Cans and Closures
- Glass (molded and tubular)
- Corrugated board
- Shrink wrap
- Facility management services
- Facility equipment and supplies
- Corporate services
- Professional services
- Travel and entertainment
- Telecom and networking
- IT services
- Office supplies and equipment
- Computers and peripherals
- Logistics and transportation
Trusted by Industry Experts
“The team managed to gain detailed insights on a market I knew already and present details on what we should be aware of.”
Case Study: Procurement Intelligence Solutions for a Retail Company – A SpendEdge Success Story
Case Study: Deploying a Category Management Strategy to Maximize Returns in the CPG Industry
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Getting Down to Business
SpendEdge helps clients secure sustainable supply chains in preparation for disruption, and identify new trends in consumer behavior before they’re even trends.