With continuous developments in online and mobile shopping behavior causing a significant disruption across the retail industry, market pressures such as increasing raw material costs and volatility of fuel prices are adding to the day-to-day challenges faced by the players in 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 ensure improved customer satisfaction, there is a pressing need for implementing strategies that could help realizing better savings. SpendEdge’s procurement market intelligence solutions for the retail industry are tailored around helping clients assess the possibilities and implement strategies for improved sourcing and procurement decisions.
Categories we Cover
Sectors we Serve
Food and Grocery Retail
One of the prime challenges faced by food and grocery retailers is the alignment of sourcing and procurement process with the overall organizational business goals. With increasing volatility in consumer demand and ever-changing commodity prices, it is an on-going challenge for the retail industry players to implement the right strategy to tackle challenges. Our procurement market intelligence solutions are aligned towards helping clients overcome these challenges through tailor-made solutions for deployment of enterprise-wide unified procurement process and implementing category specific procurement and sourcing strategies for improved outcomes across the retail industry.
Apparel and Accessories
With rapidly changing customer trends resulting in the rising demand for 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 in the verge of identifying ways of improving profitability and streamlining operations, in order to outperform competition. SpendEdge’s procurement market intelligence solutions for the retail industry are developed with an 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
Challenges such as increasing raw material and commodity prices, pressure from regulatory bodies and ever changing consumer preferences, CPG companies are in a position to innovate consistently, as well as preserve customer loyalty. The prime expenditure for CPG companies include raw materials, logistics, packaging, marketing etc., and our tailor made solutions focus on helping clients achieve improved savings through assessment of contracting best practices, identification of best sourcing destinations, and understand best practices followed for optimizing logistics operations across the retail industry.