Supply risk analysis offered by SpendEdge can help category managers to design the most optimized supplier risk management solutions.
The importance of supplier risk analysis cannot be understated. By identifying the advantages and weaknesses of each supplier’s performance, critical insights into sourcing and supply chains across the industry can be better understood. SpendEdge’s supplier risk management experts can proactively assist your organization by providing continuous evaluation of the performance and health of each supplier and their associated operational value chain in order to control and mitigate supplier risk. In the case of single-source suppliers, SpendEdge helps protect against potential disruptions to your organization’s supply chains by providing a thorough industry analysis of business, financial, and sourcing stabilities to identify potential bottlenecks and plan for risk mitigation and worst-case scenarios.
Our on-demand team of experts can help your organization:
SpendEdge is a full-service procurement market intelligence advisory firm with 17 years of experience and presence across the globe. Our team of 550+ analysts has helped procurement teams understand better supplier risk management across all stages of the procuring life cycle, and has assisted in devising strategic approaches that result in profitable execution. Our comprehensive insights empower your procurement experts to deliver results in alignment with corporate objectives and KPIs, as well as to better understand leading-edge industry and technology trends. SpendEdge’s procurement solutions provide actionable insights to enable your organization to adopt a proactive approach to supplier risk management.
Connect with one of our industry experts today to discuss your specific needs and gain a better understanding of the services provided by SpendEdge.
The insights were quite granular in nature and were very useful to the category strategy, especially the supplier risk assessment exercise.
The SpendEdge reports are very well structured and help us gain quick insights into leading suppliers, pricing models and negotiation strategies. Our team always wanted quick access to such insights, and now is made possible with subscription to the SpendEdge platform.
We appreciate your attention to detail, your prompt responses, your ability to give us updates and information…
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Transitioning your category procurement strategy beyond cost-saving and into a strategic function of the organization.
Over recent years, there have been various industry developments that served as or caused trends in procurement. These procurement trends include technology changes, novel strategic approaches, new processes, and necessary adaptations to change. As supply chains become increasingly complex, procurement has become highly crucial and influential in the production process and continues to grow.
Keeping pace with rapidly growing competitors, new technologies, evolving trends, and a challenging market can be extremely demanding and complex. In the BFSI sector, companies can struggle to adopt digitization, stay ahead of competitors, and overcome industry risks while meeting consumer demand and preferences. Gaining insight into competitors’ strategies and initiatives, helps understand the market, expect certain changes, evaluate the target market’s reaction to various offerings, and make well-informed decisions. SpendEdge helps companies evaluate competitors’ performance, business plans, offerings, and consumer satisfaction levels, and leverage relevant, real-time data to make crucial changes to the system.
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