Maximizing profit is one of the key priorities for businesses. We analyze all aspects related to cost, lead time, supply disruption, and quality, among others, in terms of insourcing and outsourcing to offer a comprehensive approach that helps companies determine the most cost-effective manufacturing method.
Our experts work relentlessly to check certifications and analyze business processes to identify cost-draining elements while establishing the pros and cons of make vs buy strategy. To improve feasibility, we offer alternatives for expensive raw materials, sustainable substitutes, and suppliers with lower profit margins. Such suggestions aid businesses to improve their ESG and avoid supply chain disruption.
Make vs buy is not a one-time decision for businesses. To ensure profitability, businesses need to regularly assess their make vs buy decision based on changes in demand and regulatory requirements. We offer the latest updates on commodity pricing, billing rates, and changes in taxes and regulatory requirements.
We are experts in insight generation. We often compare the strength of our clients and their partners with potential suppliers before offering make vs buy advices. Our insights have helped businesses to play based on their strengths and outsource aspects that they lack expertise in
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 Procurement
The factors to consider during make vs buy decision are too many and any failure to accurately assess them can lead to cost overrun. Our expertise in insight generations can help you in making informed decisions.Talk to Our Experts