cost-saving opportunities Archives

Procurement Research Report on the Global Milk Powder Market Now Available from SpendEdge

Milk powder is more convenient in terms of storage and transportation and has higher shelf life compared with milk in liquid form.

LONDON: The procurement research report on the milk powder market is an indispensable part of SpendEdge’s agro commodities and raw materials category portfolio and offers an in-depth analysis of the key factors influencing sourcing and procurement decisions, supply market, pricing models, and procurement best practices. Furthermore, it also offers profound insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

The transition toward urbanization and the increase in the disposable incomes of end-consumers in developing economies are expected to increase the consumption. This is due to relatively easier storage and distribution of milk powder.

“Purchasing managers must evaluate the quality of milk powder provided by suppliers’ and the traceability framework,” says A Kowshik, an agro commodities and raw materials industry procurement research specialist at SpendEdge.

The global milk powder market, especially in regions with an unorganized market, is prone to have the presence of illegal supply chain of adulterated dairy products. These dairy products may be adulterated with certain chemicals that are not easily traceable and impact the health of many end-consumers. This poses a challenge as a risk of adulteration in milk powder.

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This procurement research report on the milk powder market offers insights on:

Supply markets, growth drivers, trends, and challenges
Key suppliers and assessment of their capabilities
Procurement best practices
Negotiation strategies and cost-saving opportunities
Pricing models and category innovations
For a comprehensive, detailed list, view our full report

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Procurement Research Report on the Global Egg and Poultry Market Now Available from SpendEdge

The constantly increasing population, urbanization, and demand for animal-source protein are expected to drive the growth of the global egg and poultry market by 2021.

LONDON: The procurement research report on the egg and poultry market is an indispensable part of SpendEdge’s agro commodities and raw materials category portfolio and offers a detailed analysis of the key factors influencing the supply market, sourcing and procurement decisions, pricing models, and procurement best practices. Furthermore, it also offers profound insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

Protein obtained from eggs has unique biological properties that help in building muscle and repairing tissues and cells. The increasing demand for bodybuilding supplements and growing shift of consumers from synthetic protein supplements to natural alternatives such as egg ingredients are expected to be a major growth driver for the egg and poultry industry.

“Purchasing managers must consider engaging with suppliers that have adopted automation and technological innovations in their production processes,” says A Kowshik, an agro commodities and raw materials procurement research specialist at SpendEdge.

Purchasing managers face challenges in assessing various claims made by suppliers in terms of the nutritional content of egg and poultry products. Extensive analysis and tests are required to ascertain claims such as pastured, vegetarian-fed, hormone-free, antibiotic-free, and pesticide-free products.

Need more insights on this report?

This procurement research report on the egg and poultry market offers insights on:

Supply markets, growth drivers, trends, and challenges
Key suppliers and assessment of their capabilities
Procurement best practices
Negotiation strategies and cost-saving opportunities
Pricing models and category innovations
For a comprehensive, detailed list, view our full report

Procurement Market Intelligence Solutions – Cost Optimization of Legal Services for IT Service Providers

SpendEdge’s procurement market intelligence study on legal services for a leading IT service provider identifies the top suppliers of legal services, provides costs management, analyses competitive landscape, and offers price negotiations.

Market landscape for legal services

Legal services provide advisory and technical assistance and representation services on legal disciplines for industries. These services are diverse and offer services on various verticals of the legal spectrum that includes corporate, labor, real estate, international trade, intellectual property, industrial, bankruptcy, and taxation law. The rise in the number of new business opportunities, dynamic regulatory requirements across multiple countries, and growing focus on effectiveness in service performance is driving the market for legal services. The exponential industrial development across various countries in the world is attributing to the demand for procurement solutions that analyze the emerging industry trends, and best in class business strategies in the legal sector. The recent procurement market intelligence study by SpendEdge offers various cost optimization services to buyers of legal services with better management, huge cost savings opportunities, and value benefits. The study also offers an exhaustive assessment of the legal services market across the globe.

Globalization is resulting in sourcing and allocation of work to low cost, emerging countries in the APAC region. India and China are the hubs for outsourced services, and legal services are gaining momentum in these countries. This is a value-based approach that enables highly strategic legal functions at competitive prices and in accurate volumes. These initiatives will result in cost saving and provide avenues for sourcing specialized services from different countries across the world. The patent filling is the most common legal service that is outsourced currently.

Focus on cyber security

Cyber-attacks and virus threats are plaguing different services across industries. Digitalization and increasing volume of data are encouraging service providers to take steps to secure their databases. Legal firms are sorting out digital solutions to alleviate system protection, manage maintenance, and deal with the downtime. The emergence of secure digital solutions will encourage organizations to meet industry security requirements for data breach and prevention. The increasing number of threats is also boosting the requirement of legal services that specialize in dealing with cyber security laws.

Creating a brand identity

The increasing competition and growing need to increase consumer base are fueling the need to create stronger brand identities. Leading organizations are leveraging social media and other digital tools such as blogs and podcasts to connect and offer services to a larger clientele. These mediums are cost effective ways to increase connectivity and retain their existing customers. By improving brand identity, organizations are witnessing faster business development and increased profitability. Legal firms are also leveraging these channels to offer low-cost services and detailed information on their service lines to attract more consumers.

Solutions SpendEdge offer to businesses

SpendEdge’s procurement market intelligence study for legal services offers insights into the supply market, supplier engagement models, cost-saving opportunities, procurement best practices, and price negotiation strategies. The solutions offered are listed below:

Deliver better category strategies, understand supplier and market challenges, enhance savings, and implement best sourcing practices
Provide a better understanding of the supply market landscape of legal services
Offer services to manage cost and negotiate price, manage purchasing process efficiently, devise risk mitigation strategies, and measure the best value
Deliver information on vendor capabilities, procurement market insights, cost-saving opportunities, and the top suppliers

Read our complete case study titled – Procurement Market Intelligence Solutions Helps a Leading IT Service Provider

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For any queries, reach us at – hello@spendedge.com

Tag: cost-saving opportunities