PRESS RELEASE

Enhancing Skilled-based Training by Implementing Best Practices in Corporate Training

Jun 10, 2017

The recent procurement market intelligence study by SpendEdge on corporate training helps service providers to understand the demand-supply shifts, procurement best practices, and pricing model for the corporate training industry.

Trends in corporate services market

Corporate training is primarily designed to meet the business goals by enhancing the skill set of employees, increasing their productivity, and reducing operational costs. An effective training module identifies training needs, organizational objectives of training, designs action plans for training, implements the action plan, and evaluates the overall process. The service providers in the market are focusing on the development of innovative tools and techniques to attract more consumers and provide cost-effective solutions that can be easily adopted. Multi-location training needs are fueling the need for corporate training services in the market. The procurement market intelligence study by SpendEdge provides an in-depth analysis of the category essentials including supplier evaluation criteria, category risk analysis, service level agreement terms, and category sourcing evolution. The researchers also identify service providers that can manage training programs on a global scale and maintain consistency in quality across geographies and verticals.

The emergence of competency-based training is reducing the skill gap that is affecting operations across several industries. This new training method helps employees to demonstrate their skills, articulate their thoughts, and increase participation. The modules are designed to match the requirement for the employees with interactive assessments and improve the performance of the workforce. Competency-based training helps increase the productivity and monitors progress on a real-time basis to improve efficiency.

Blended-learning methods

Blended-learning mixes the advantages of face-to-face teaching and e-learning, helping the companies design effective models that suit the business goals. These modules help to improve the learning performance, allows increased flexibility, and enables anytime anywhere learning. It tackles the issue of geographical barriers and caters to different learning styles of the employees. The method implements visual, auditory, and written components across many resources to engage the trainees and improve their performance.

Request Free Proposal

Innovative training methods

The implementation of virtual reality (VR), augmented reality (AR), and mobile devices are helping the organization to save resources and cost on materials. AR and VR technologies enable the workforce to touch, feel, and experience the real scenario in a controlled environment, helping in the development of required skill sets. Mobile learning helps employees learn at their own pace from anywhere in the world. Companies are leveraging technology to address their need as well as the employees need at a substantially lower cost.

Solutions offered by SpendEdge to businesses

The team of procurement specialists at SpendEdge delivers a market intelligence study that helps service providers understand the short-term and long-term trends in the corporate training industry. Some of the solutions include:

  • Meet specific requirements of the client especially in the procurement service and category management domain
  • Offer information on major regulatory framework, key current technological innovations, and the pricing engagement models
  • Evaluate the key suppliers in the specific category domain and provide supplier evaluation criteria and category negotiation strategies
  • Provide strategic insights on the supplier operational and functional capabilities
  • Assess the key competitors’ functional and operational capabilities in terms of training and development

Read our complete case study titled – Procurement Market Intelligence Assessment Helps a Corporate Training Provider Understand the Procurement Best Practices

Spendedge aftermarket

Other case studies you might be interested in:

For any queries, reach us at – hello@spendedge.com

Recent Press Releases & Media Mentions

Industries

Services

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