With close to 20 years of experience, our team of should cost model experts has led to buyer-supplier cost-modeling collaborations, which, in turn, have paved the way to higher mutual profitability.
Insights derived from our should cost model offer an objective and fact-based view of product/service costs. This not only improves negotiation power but also helps companies to engage with suppliers based on their value offering rather than the lowest bidder
We supplement our should cost model analysis with extensive interviews with industry experts to offer insights that help clients to successfully identify the right time to stock raw materials. Such insights have helped our clients to avoid cost overrun as well as ensure optimal stock.
Our best-in-industry cost estimation tool offers clients a detailed cost break and determines the underlying cost drivers. Such details help identify overpriced products and their alternatives, thereby improving profits.
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
Price fluctuation is one of the biggest concerns companies face today and an “early warning” can help companies to smoothly sail out of such financial risks.Talk to Our Experts