Before signing that purchase order, make sure you take key market trends into account. With MegaTrends, you can check out major trends that could impact your business in a big way.
Incomplete data is a pervasive concern for procurement professionals. To improve the quality of observed trends, MegaTrends bases itself on data “pulled” from a broad range of industries and categories.
A messy screen with data all over the place is sure to hamper your work. MegaTrends improves usability by giving you clean at-a-glance views of actionable trends.
Transportation and Warehouse
Many purchase decisions are like shots in the dark
In reality, many a choice in the procurement function is guided by guesswork. Lack of relevant data is to blame.
Make irrefutable data the basis of your decision
In principle, CPOs accept their decisions must be based on properly vetted data. But what can they do if relevant data is not available? Our MegaTrends tool is a gamechanger in that it puts high-quality data at the fingertips of decision-makers. Predefined logics ensure the tool gathers only pertinent data.
Working with biased data is completely pointless
An estimate that deviates from the reality of the marketplace can only lead to erroneous assumptions and decisions around procurement.
Evidence-based market trends are what you need
Poor quality inputs invariably result in inaccurate outputs, and this is a key barrier to timely and clear-cut purchase decisions. Mindful of this, MegaTrends is premised on datasets which are not just bigger but also hugely reliable to reach better conclusions about trends shaping various industries.
Isolated trends are not indicative of the storm ahead
Tracking the performance of a few sectors is a good idea, but it is no guarantee against bigger market risks.
Macro perspectives lead to impactful decisions
A narrow focus on industries and small details is not going to help procurement organizations make big leaps in performance efficiency. MegaTrends covers a full gamut of data from across sectors and categories, from agriculture to transportation, as well as events (e.g., sanctions). Our coverage is only expanding.
In hypercompetitive markets, you can’t afford to lose a chance. No worries, our MegaTrends tool will keep you notified of market trends.Talk to Our Experts to see the spendedge blogs
Challenge: Faced with intense competition and the need to improve profit margins, our client turned to SpendEdge for assistance in overcoming their business challenges. One of the main strategies involved migrating cost-intensive operations to low-cost destinations.
Solution: Our team at SpendEdge assisted the client in streamlining their contract manufacturer selection process. Leveraging our expertise and market research methodology, we identified key contract manufacturers for the client’s ready-to-eat product line.
Result: The client successfully addressed their business challenges and achieved improved profit margins and reduced operating costs. All the while, also enhancing product quality and expanding manufacturing capabilities.Read More to see the spendedge blogs
SpendEdge portal gives us ready access to info on 50+ categories. And with the “Analyst Support” feature, our team is able to get all of its queries answered almost instantly by SpendEdge’s panel of top-notch procurement experts. It’s really a time-saving tool!
Branded packaged foods business- Senior Vice President (Global Supply Chain)
Thanks to the SpendEdge tool, our teams can directly access news articles focused on the procurement landscape. These cover a lot of ground, providing snapshots of industry, suppliers, and procurement tech. Previously, our category managers had to wade through a huge amount of information to get these news updates. So, SpendEdge is saving us a lot of time. That’s really something!
Well-known ICT firm- Director of Global Procurement
SpendEdge’s pricing insights section is something our team loves the most. Understanding pricing models, price points, and negotiation levers is a bit tricky. All these are covered in the SpendEdge reports, and that helps us gain quick insights.
A leader in chemicals- Director of Indirect Categories Procurement