PRESS RELEASE

SpendEdge Analyzes the Importance of Cost Benefit Analysis in Decision Making

Jan 2, 2020

LONDON: SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest articles on the importance of cost benefit analysis in decision making for businesses. 

Importance of Cost Benefit Analysis in Decision Making

Often companies find themselves in a situation where they have to choose one project against another. They need to examine all potential costs and revenues that can be generated from a project. Performing cost benefit analysis helps businesses to simplify such complex business decisions and measure their benefits. It provides a basis for rational comparison and enables companies to select the best alternative. This article will help you understand the importance of cost benefit analysis in ranking projects according to the order of their merit and estimating the net benefit of a project.

“Performing cost benefit analysis is crucial for companies to predict future revenues accurately and measure the intangible benefits associated with a project,” says Srinivas R, Procurement Manager at SpendEdge.

Are you looking for insights to rationally compare different projects and obtain the best value for money? Request a free proposal to understand the importance of cost benefit analysis and leverage our customized solutions.

REQUEST FREE PROPOSAL

Steps to Perform Cost Benefit Analysis

Despite realizing the importance of cost benefit analysis, companies fail to gain an unclouded view of the impact of a decision. This article will help companies gain insights into the steps involved in devising a cost benefit analysis template. It will provide key insights into the role of establishing a framework for analysis, analyzing costs, determining deadlines for expected cost benefits, and calculating net present values for ascertaining the feasibility of projects.

Stay ahead of the curve by executing a comprehensive cost benefit analysis and analyzing realistic assessment of risks. Schedule a free demo to know more about importance of cost benefit analysis solutions. 

 

Request for Demo

Cost Benefit Analysis Best Practices

Companies of today need to know the best approach to evaluate the quantitative and monetary impact of the project. They require insights into the pricing strategies and their effect on the supply chain to build strong supplier relationships and drive profitability. This article will help companies to navigate the cost benefit analysis process, analyzing the costs impacting the business in the short and long-term. It will provide a systematic approach to effectively conduct a cost benefit analysis.

Want more insights into the approaches used by top companies in improving the cost benefit analysis process? Reach out to our experts to gain detailed insights into the importance of cost benefit analysis.

Contact Us

Recent Press Releases & Media Mentions

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars