Deal Benchmarking

Compare potential contracts and partnerships with suppliers by analyzing how they fare against competitors on parameters such as market standards, pricing, discounts, SLAs, etc.

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How your business benefits

Identify cost-effective option

Identify cost-effective option

 

  • Helps companies identify the most cost-effective options and ensure their potential partnerships and business deals have the same standard as them
  • High demand, strict regulations, and constant innovation lead to high expenses

Strengthen business decisions and strategies

Strengthen business decisions and strategies

 

  • As part of deal benchmarking, businesses can analyze their competitor and industry leaders’ current and historical strategies and technology, contract negotiations, disputes among others
  • Such analysis aids CPOs and supply chain managers to make research-driven business decisions and strategies

Stay ahead of competition

Stay ahead of competition

 

  • Deal benchmarking process can help companies stay ahead of the competition by closely evaluating competitors’ strategies, goals, payment structures and current or potential deals and partnerships and evaluating gaps in sourcing process
  • Such evaluations aid in identifying opportunities and formulating data-driven strategies to improve negotiation skills and strategies

Identify best-fit suppliers

Identify best-fit suppliers

 

  • Deal benchmarking enables companies to identify, analyze, and prepare comprehensive strategies to improve supplier satisfaction
  • They can also identify major needs and requirements, the ideal industry standard for deals and contracts, and the best suppliers and vendors to partner with.

Why choose SpendEdge?

Featured Case Study

Mining Industry Case Study: Cost-Benefit Analysis

Mining Industry Case Study: Cost-Benefit Analysis

June 16, 2025

It is essential to have a feasibility report and a cost-benefit analysis (CBA) for a project. This analysis lies within a range of project and plan appraisal methods that seek to apply monetary value to costs and benefits. It is more comprehensive in scope, taking a long view of the…

Read More

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