Deal Benchmarking
Compare potential contracts and partnerships with suppliers by analyzing how they fare against competitors on parameters such as pricing, discounts, SLAs, etc.
Contact usHow your business benefits
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
- As part of deal benchmarking, businesses can analyze their competitor and industry leaders’ strategies and technology, among others
- Such analysis aids CPOs and supply chain managers to make research-driven business decisions and strategies
Stay ahead of competition
- Deal benchmarking process can help companies stay ahead of the competition by closely evaluating competitors’ strategies, goals, and current or potential deals and partnerships
- Such evaluations aid in formulating data-driven strategies
Identify best-fit suppliers
- Deal benchmarking enables companies to identify, analyze, and prepare comprehensive strategies
- 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?
Understand market dynamics
To understand changes in market dynamics and constant industry developments, it is essential to analyze factors such as raw material availability, changes in trends and regulations, and future risks. As part of the deal benchmarking process, we assess the above factors, their potential impact on deals and how to tackle challenges and capitalize on growth drivers
Improve your negotiation power
As part of our deal benchmarking service, we load our clients with comparable data on transactions and use them for favorable negotiations. We identify negotiation points and aid in justifying proposed deal terms based on market standards. This data would also enhance your chances of reaching a mutually beneficial agreement.
Aids in risk mitigation
We analyze different deals that are similar to our clients’ requirements to spot potential risks and challenges. Such comparisons also help our clients to develop contingency plans, make informed risk assessments, and improve the possibility of successful execution.
Performance evaluation
We evaluate various transactions of our clients and their peers against industry standards. Such evaluations help us to identify and suggest areas of improvement to our clients. Benchmarking services also help to evaluate the effectiveness of deal strategies, financial terms, and overall deal performance.
Featured Case Study
How SpendEdge Helped CPG Giant Streamline Contract Manufacturer Selection Process
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.
Talk to One of Our Experts
Our experts help to mitigate the constant changes in demand, requirement for innovations, and consumers’ changing needs, especially in this post-pandemic era.
Talk to Our ExpertsInsights
Category Intelligence
Gain insights related to your key spend categories, ranging from important updates, outlook, and engagement models, to in-depth supply-chain risk analysis.
Supplier Intelligence
Improve supplier selection decision making and supplier relationship management through our services covering supplier identification, supplier updates and alerts, and risk and sustainability analysis.
Strategy Support
Improve strategic decision making through our services related to negotiation advisory, best practices, risk mitigations, supplier KPIs and SLAs, and cost optimization mechanisms.
Category Cost and Pricing
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.