Professional services suffer from insufficient visibility of supply chain activities, a key reason for cost escalations.
High revenue leakage, resulting from legacy data capture processes, is leaving the C-suite uneasy.
Tough call: Devising portfolio strategies to ride out market volatility
A deep scan of portfolios will reveal the market potential of each constituent service, based on which firms can optimally earmark resources.
A Californian professional services firm doubles profits and jumps five spots in global rankings – on the back of our portfolio formulation.Talk to Our Experts
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 Moreto see the more on spendedge insights
Gathering data on your supplier’s capability to deliver high-quality products is just not enough. More open communication will ensure suppliers not only deliver with quality but also ahead of schedule.
Mismatches between your needs and what your supplier delivers could weaken business performance. By collaborating intensely with suppliers, you can ensure your penchant for KPIs grows on them as well.