Our team of over 500 experts assist clients in identifying and selecting the best-cost sourcing locations and understanding cost advantages and the associated risk elements in their sourcing strategy. We also consider trade policies, logistics, and infrastructure, among others, before offering the best solution for each need
Keeping track of the latest regulations and changes in import laws is key in LCCS/BCCS. Our team of experts ensure clients have access to the latest information in an easy to understand language. This helps avoid ambiguity and avoid any unforeseen trouble.
We go the extra mile to create a holistic portfolio of suppliers from LCCs/BCCs, i.e., we not only look at the costing aspects but also ESG initiatives, taxation laws, and regulations, among others. We offer alternative options based on the sourcing destinations requirements of clients
Our benchmarking experts aid businesses to adopt low-cost country sourcing initiatives that reduce cost and TAT. We also help identify the preferred engagement models in different LCC and BCC. Such initiatives help maximize cost and other benefits.
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 More Know about SpendEdge ProcurementThe geopolitical volatility in the post-COVID era has drawn importance to sourcing strategies, especially in terms of ensuring a secure supply chain while keeping costs low. Our LCCS/BCCS analysis helps you maximize cost savings.
Talk to Our Experts
Gain insights related to your key spend categories, ranging from important updates, outlook, and engagement models, to in-depth supply-chain risk analysis.
Improve supplier selection decision making and supplier relationship management through our services covering supplier identification, supplier updates and alerts, and risk and sustainability analysis.
Improve strategic decision making through our services related to negotiation advisory, best practices, risk mitigations, supplier KPIs and SLAs, and cost optimization mechanisms.
Keep a close look at price movements and forecasts for key commodities and the impact of different cost drivers to formulate effective cost reduction strategies.