Our methodology for narrowing down suppliers goes beyond historical filters like revenue and profits, performance, and service quality to find vendors who can bring the desired value to your business.
Our experts leverage statistics and modeling techniques, besides large, curated data sets, to make accurate predictions for multiple supplier risks and assign risk scores based on probability and severity.
With our supplier risk intelligence service, you get custom alerts for a host of risk categories (data, financial, environmental, compliance), so you can act on them instantaneously, leaving nothing to chance.
Our supplier intelligence solutions will enable you to build up your diverse pipeline and onboard certified vendors, which will not only improve business outcomes but also demonstrate your workforce commitment.
Due diligence in the vendor onboarding process, frequent verification of vendor data, and other strong controls baked into our solution will prevent supplier malpractices like billing fraud and check forgery.
Unanticipated crises triggered by uncontrollable factors put ties with clients under stress, and our data-based insights can help you frame fact-based communications with stakeholders to mend relationships and safeguard reputations.
For a lot of businesses, the supplier selection process is proving to be the single point of failure capable of knee-capping the entire supply chain. Our experts apply a standardized rubric to vet suppliers for quality assurance, delivery, cost efficiency, and financial stability. The capability to give you the best results over the long haul is another key consideration when choosing suppliers. We build and maintain a large high-quality talent pool to progressively shrink lead times for clients.Learn more Know about SpendEdge Procurement Market Intelligence Space
The more informed you are about your supplier base the better grip you will likely have on the outcomes of a certain supply-side situation. Gathering supplier information and ensuring the information is accurate and up to date is an existential necessity for any business of repute. Our experts implement automated alert systems to enable you to stay in the know about diverse supplier risks and deliver more timely responses to boost supply chain resilience and meet regulatory obligations without fail.Learn more Know about SpendEdge Procurement Market Intelligence Space
Assorted data hoovered up from disparate systems is not going to help an enterprise outline a distribution plan. The chances of success are virtually nil. On the other hand, by mapping their supply networks, with assistance from our experts, clients have been able to identify the most effective transportation routes and reduce logistics costs. That’s not all, businesses are also realizing that supply chain mapping is a sure-shot way to uncover potential risks (e.g., reputational, environmental) on the supply side.Learn more Know about SpendEdge Procurement Market Intelligence Space
Workers at supplier businesses are entitled to a safe workplace free of hazards and fair working conditions. There is growing pressure on businesses to subsume fair trade, safe working conditions, and upstream suppliers’ environmental impact considerations within their bidding systems. Sustainable procurement is the new mantra, and true to this, our practitioners are enabling clients to walk the talk on sustainability and, furthermore, ensure their vendors also measure up to these sustainability expectations.Learn more Know about SpendEdge Procurement Market Intelligence Space
An unhealthy obsession with supplier costs has many businesses chasing low-cost vendors who often cut corners on due diligence compliance. Unscrupulous third-party supply chain participants constitute the biggest source of reputational risk for organizations. Cost can never be a sole consideration for reckoning supplier risks, so taking a more detailed view of risk, we assign risk scores to suppliers based on multiple factors, and clients get alerts when the score threatens to exceed a certain threshold.Learn more Know about SpendEdge Procurement Market Intelligence Space
Cost containment is not the only thing over which CPOs are facing the heat. Stakeholders are demanding that suppliers be brought into line with labor and environmental codes. Proactive supplier screening is of the essence.Talk to Our Expert
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
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