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.
Mining
Pharmaceutical
Basic Chemicals
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.
Data is everywhere, but just where is actionable data? SE Insights means instant access to 800+ categories, so you can unlock deep intelligence about your products and your competitors’.
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Supplier data points are all over the Internet, leaving users confused. With BizVibe, your business can enjoy instant access to millions of relevant supplier profiles and shortlist the best ones.
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In the face of price volatilities, making data-driven decisions is turning problematic. COMET, our commodity price tracking tool, comes to the rescue by alerting you to commodity price changes as they happen.
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Fines and reputational losses arising out of unplanned supply outages are nothing short of damning! D-Risk keeps supplier issues at bay by generating risk scores for all your top vendors.
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To derive any real value from “country market” sourcing, you need to understand these destinations in-depth. Our granular insights will help you to tap into various country markets profitably.
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In hypercompetitive markets, you can’t afford to lose a chance. No worries, our MegaTrends tool will keep you notified of market trends.
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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.
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