Tag: Industry Best Practices

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Peer Group Best Practices Benchmarking for a Leading Automobile Spare Parts Manufacturer – A SpendEdge Case Study

Engagement Overview:

A leading player in the auto industry, specializing in the manufacturing of auto spare parts wanted to compare and benchmark the auto industry’s compliance requirements, industry standards, structure, and processes to the external practices of the peers within the specific market segment. The automobile spare parts client was also looking at creating a prioritized list of improvement opportunities to justify their budgetary decisions.

To do so, and to identify the industry best practices, the client approached SpendEdge to develop an all-inclusive approach that would help them develop an appropriate benchmarking model. A detailed quantitative request proposal analysis of various supply chain categories was carried out to identify the industry best practices.

About the Client:

The client is a leading player in the auto industry, specializing in the automobile spare parts segment.

Business Challenge:

The automobile spare parts manufacturer was facing several challenges in creating a prioritized list of improvement opportunities to identify the timeline for integrating the improvements, which, in turn, posed several problems in justifying their overall budgetary decisions.


How did SpendEdge Help the Client?

  • Step 1: Identification of the key structure, performance, and effectiveness metrics in the automobile spare parts segment

The initial few stages revolved around the identification of key industry standards, performance metrics, and effectiveness metrics. As the objective was to devise a suitable industry best practices benchmarking model, the collected data was analyzed to identify the benchmarks to be followed.

  • Step 2: Selecting the target organizations of the desired size to benchmark

After the completion of the data collection and analyzation phase of the benchmarking process, it is essential to identify and refine the peer companies to summarize the findings and opportunities based on the collected data.

  • Step 3: Analysis of gathered data to identify opportunities for improvement, based on the client’s organizational goals

To devise an effective industry best practices benchmarking model, it is essential to analyze the gathered data to identify opportunities for improvements. This, in turn, helped the automobile spare parts manufacturer to ensure that the developed benchmarks align with the improvement recommendations.


Key questions answered in this industry best practices engagement include

Automobile Spare Parts


Benefits of the Engagement:

The industry best practices experts at SpendEdge recommended the best benchmarking model to helps the client justify their budgetary decisions. The developed model enabled the automobile spare parts manufacturer to effectively compare the industry standards with that of their peers and devise a robust benchmarking strategy.

Why incorporate industry best practices?

Benchmarking the industry best practices deals with the process of comparing your organization’s compliance factors, structure, and processes to the external practices of your peers and the industry in general. It can be defined as the process of making a judgment about the status or effectiveness of your compliance program, which will typically include an analysis of the industry benchmarks. Therefore, the process of industry best practices benchmarking is a subset of an industry compliance program, which helps an organization to ensure that they meet the industry requirements and framework standards for effectiveness.

Our Findings:

The auto industry is experiencing rapid digital transformations, where cutting-edge benchmarking models are introduced to the market on a regular basis. Although the auto industry is currently experiencing accelerated growth, the automobile spare parts manufacturing segment is expected to witness a continuous challenge owing to the adoption of innovative technologies to excel in the market.

Therefore, devising an effective industry best practices benchmarking model can help them stay abreast of the industry best practices and evaluate the benchmarks periodically. This can further enhance category growth across the supply network by analyzing peer group data to identify and implement organizational improvements.


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Industry Best Practices for an International Air Freight Services Provider – A SpendEdge Case Study

Engagement Overview:

A leading air freight services provider wanted to implement industry best practices to enhance organizational growth and boost efficiency. To identify and focus on key performance metrics in the transportation industry, the air freight services provider approached SpendEdge to devise a comprehensive approach that would help them identify and benchmark the industry best practices. A detailed quantitative analysis of various categories within the supply chain was carried out to identify and benchmark the industry best practices that would help them improve competitiveness.

About the Client:

The client is a leading player in the transportation industry, specializing in offering air freight services for all kinds of request proposal shipments across the globe.

Business Challenge:

The air freight services client was facing challenges in benchmarking the best practices in the transportation industry.


How did SpendEdge Help the Client?

  • Step 1: Identified peer group practices

The first step revolved around the process of identifying the peer groups in the transportation industry. By doing so, the client was able to identify the standards of excellence for services and processes and then implement the required changes to reach the optimal industry standards.

  • Step 2: Comparing and benchmarking the best practices in the industry

A detailed analysis of the gathered data helped the client to compare and benchmark the industry best practices. This enabled the air freight services provider to discover the extent to which their present performance lags when compared to the leading players in the industry.

  • Step 3: Developed a comprehensive approach to continuously monitor and recalibrate the industry best practices

A three-step benchmarking model was devised to help the transportation industry client to continuously monitor and recalibrate the industry best practices. The incessant evaluation of the benchmarked industry best practices helped them in reinstituting the benchmarking process.

Moreover, the correct implementation of the above steps resulted in the development of realistic, clear-cut standards for the processes involved in the identification of best practices.


Key questions answered in this industry best practices benchmarking engagement include:

Air Freight


Benefits of the Engagement:

The industry best practices solution offered by our experts helped the air freight services provider devise a comprehensive three-step benchmarking model that enabled them to keep track of industry standards. It also helped them lower freight costs and enhance services to maximize customer satisfaction and retention. Our industry best practices experts worked as an extension of the firm to identify the success factors that uncovered major opportunities for improving air freight services.

Why incorporate industry best practices benchmarking?

It’s no secret that to improve organizational growth its essential to identify and implement the best practices prevalent in the industry. Benchmarking industry best practices is the key to improving performance and overall business growth. Adopting best practices also helps firms to fill skill gaps, encourage leadership, enhance organizational efficiency, and achieve sustainability.

However, to withstand growing competition, transportation industry players must adopt better strategies to deliver better results. Moreover, industry best practices benchmarking does not mean replicating what other competitors do, it helps organizations gain detailed insights into the acceptable industry standards.

Our Findings:

As transportation firms start focusing on delivering top-notch customer experiences, industry best practices benchmarking becomes essential to stay a step ahead of competitors. Such an approach to drive organizational growth is as simple as comparing what your organization does to what the best in the industry are doing. Therefore, it is essential to evaluate the benchmarks on a periodic basis, in order to stay abreast of the constantly changing industry trends and best practices.


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Industry Best Practices for a Leading Firm Specializing in Red Biotechnology – A SpendEdge Case Study

Engagement Overview:

A global player in the biotech industry wanted to analyze how peer companies enhance business value. They wanted to identify and benchmark the industry best practices to improve organizational growth. To identify and focus on key performance metrics in the red biotechnology segment, the biotech industry client approached SpendEdge to devise a comprehensive approach that would help them identify and benchmark the industry best practices. A detailed quantitative analysis of various categories withinrequest proposal the supply chain was carried out to identify and benchmark the industry best practices to be followed.

About the Client:

A multinational biotech industry firm specializing in the red biotechnology category.

Business Challenge:

The biotech industry client was facing challenges in identifying and benchmarking the industry best practices.


How did SpendEdge Help the Client?

Step 1: Determined and analyzed the processes to be benchmarked

This step revolves around the process of identifying and defining the industry best practices to be benchmarked. It is regarded as a crucial step in identifying the best practices as incorrect identification at the initial stage could result in wastage of valuable resources at later stages.

Step 2: Analyzing gathered data to determine gaps

A detailed analysis of the gathered data helped the client to discover the extent to which their present performance lags when compared to the best in that particular segment. The implementation of this step offered a clear picture of their business processes compared to that of their peers.

Step 3: Devised a three-step approach to continuously monitor and recalibrate the industry best practices

A three-step approach was devised to help the biotech industry client to continuously monitor and recalibrate the industry best practices. This also helped ensure that their business remains on the cutting edge by continuously evaluating the benchmarked industry best practices and reinstituting the benchmarking process when needed.

However, the correct implementation of the process will result in the development of realistic and unambiguous new standards for the processes involved in the identification of best practices.


Key questions answered in this industry best practices benchmarking engagement include:

Industry Best Practices


Benefits of the Engagement:

The industry best practices engagement helped the red biotechnology client to identify the key performance metrics to fine-tune their strategies and drive growth. Our industry best practices experts worked as an extension of the firm to identify the success factors that uncovered major opportunities for improving their services.

Why incorporate industry best practices benchmarking?

It has been observed that a majority of the companies are reluctant to benchmark best practices. However, to withstand growing competition, biotech industry players must adopt better strategies and deliver better results at a relatively lower cost. Moreover, industry best practices benchmarking does not mean blindly ‘copying’ what competitors do, it helps organizations gain detailed insights into the acceptable standards in the industry. Thus, making it a necessity for businesses to understand where they stand vis-à-vis the specific industry standard.

Our Findings:

In the pursuit of meeting their business goals, biotech industry players may sometimes put on blinkers and devote their time and energy to focus entirely on achieving the set goals. Such an approach to drive organizational growth not only steers the firm and digresses them from the focused path but also insulates the company from learning from the activities occurring in the business environment. Therefore, an essential way to prevent this from occurring is to constantly keep abreast of the industry best practices and evaluate the benchmarks periodically.


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Industry Best Practices Benchmarking for a Leading Public Utility Services Company: A SpendEdge Case Study

Engagement Overview:

A leading public utility services provider wanted to increase customer satisfaction and diminish bad debt write-offs. To identify and benchmark the best practices, the energy industry client approached SpendEdge to devise a comprehensive approach that would help them identify and benchmark the industry best practices. A detailed quantitative analysis of various categoriesrequest proposal within the supply chain was carried out to identify and benchmark the industry best practices to be followed.

About the Client:

A leading multinational energy industry firm. The client is a leading public utility services company with years of expertise and heritage stretching back to over a 100 years. The company employs about 70,000 people in 30 emerging economies.

Business Challenge:

The client was facing challenges in benchmarking the best practices in the energy industry.


How did SpendEdge Help the Client?

  • Step 1: Determined the peer organizations and processes to be benchmarked

This step involved the accurate evaluation and determination of companies to be benchmarked. It acted as a cornerstone for the entire energy industry best practices benchmarking process.

  • Step 2: Gathered and analyzed data to identify performance gaps

This step revolved around the analysis of gathered data to determine the extent to which the client’s performance lags behind the best in each segment. The implementation of this step offered a clear picture of the client’s business processes in comparison with their competitors.

  • Step 3: Determined the future trends

It involved the detailed examination of the past performance of the client in relation to their competitors in the public utility services sector. Such an approach offered detailed insights, which helped the client to gain a clear idea of the available options to assign a realistic concept of the potential benefits of adopting and benchmarking the best practices.


Key questions answered in this industry best practices benchmarking engagement include:

energy industry


Benefits of the Engagement:

The industry best practices engagement helped the energy industry client to identify the key performance metrics and fine-tune their strategies to boost savings. Our industry best practices experts worked as an extension of the firm to identify the success factors that uncovered major opportunities for improving their services.

Why incorporate best practices benchmarking?

To withstand the growing competitive pressure, players in the energy industry must adopt better strategies and deliver better results at a comparatively lesser cost.  To do so, companies employ strategic planning as a part of their organizational processes to identify the core business value and employ strategies to best achieve them.

Industry best practices benchmarking has become an integral part of operational improvements and strategic planning. Identifying and benchmarking best practices help companies to bridge gaps and improve performance using quantitative and qualitative information collected from various industry-specific resources.

Our Findings:

Benchmarking best practices will enable organizations to increase competitiveness and enhance value from a customer’s perspective. If your organization is on the lookout for an objective way to enhance market growth, best practices benchmarking is the ideal approach to identify alternative and feasible ways to enhance performance.

However, the success of every industry best practices benchmarking process ultimately depends on the organization’s commitment to the process. To sustain market leadership, energy industry companies must adopt best practices benchmarking as a permanent and important aspect of the organization’s business processes.


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Industry Best Practices Benchmarking Engagement: Uncovering Major Opportunities for Improvement for a Logistics Service Provider

Engagement Overview:

A leading logistics service provider wanted to emphasize on the measurement of key performance metrics. To identify and focus on key performance metrics in several areas – customer satisfaction, technology investments, and other similar performance indicators, the logistics industry client approached SpendEdge to devise a comprehensive approach that would help them identify and benchmark the industry best practices. A detailed quantitative analysis of various categories within the supply chain was request proposal carried out to identify and benchmark the industry best practices to be followed.

About the Client:

A multinational company offering logistics services. The client is a leading player in the logistics industry specializing in offering non-pareil and technology-enabled solutions to the most complex SCM needs.

Business Challenge:

The logistics industry client was facing challenges in reconfiguring supply chain operations to meet the dynamic needs of their customers.


How did SpendEdge Help the Client?

  • Step 1: Determined and analyzed the right global operating model in the logistics industry

The initial step involved the assessment of logistics models to determine the global model based on the client’s operations. It included the identification and classification of in-house logistics operations from the ones that required outsourcing. Leading logistics organizations now prefer the internal 4PL business model to effectively manage the service needs across various business categories.

  • Step 2: Identification and alignment of KPI’s

The continuous monitoring of market performance led to the identification of key performance metrics and industry best practices. It also helped in aligning the payment terms with the KPI’s.

  • Step 3: Devised a three-step approach to continuously analyze and monitor the logistics network design

The scrupulous approach helped in the constant monitoring of the logistics network, lane structures, capacity requirements, and capacity requirements. It also enabled the logistics industry firm to scrutinize their technology investments and drive profits.


Key questions answered in this industry best practices benchmarking engagement include:

Industry Best Practices


Benefits of the Engagement:

The industry best practices engagement helped the logistics service provider to identify the key performance metrics and fine-tune their logistics strategy to boost savings. Our industry best practices experts worked as an extension of the firm to identify the success factors that uncovered major opportunities for improving their services.

Why incorporate industry best practices benchmarking?

To withstand the growing competitive pressure, players in the logistics industry must adopt better strategies and deliver better results at a comparatively lesser cost.  To do so, companies employ strategic planning as apart of their organizational processes to identify the core business value and employ strategies to best achieve them.

Industry best practices benchmarking has become an integral part of operational improvements and strategic planning. Identifying and benchmarking industry best practices help companies to bridge gaps and improve performance using quantitative and qualitative information collected from various industry-specific resources.

Our Findings:

Benchmarking industry best practices will enable organizations to increase competitiveness and enhance value from a customer’s perspective. If your organization is on the lookout for an objective way to enhance market growth, industry best practices benchmarking is the ideal approach to identify alternative and feasible ways to enhance performance.

Moreover, industry best practices benchmarking is an instrumental technique for enhancing business value and acts as a powerful vehicle for overturning the inertia that often sets in when businesses become inward-looking and cloistered.


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Establishing New Functional Goals Through Best Practices Benchmarking for a Chemical Industry Client | A Spendedge Case Study

Engagement Overview:

The chemical industry client wanted to benchmark the best practices and enhance the productivity and efficiency of their business operations. To identify and establish new functional goals, the chemical industry client approached SpendEdge to devise a comprehensive approach to compare and benchmark their business processes and metrics to the industry best practices.

A detailed quantitative analysis was carried out by assessing research-based data, industry surveys, and interviews, which enabled the client to identify, assess, and benchmark the industry best practices. Best practices benchmarking also offered detailed evidence-based insights on the overall industry’s performance, which helped the chemical industry client to set new functional goals.

About the Client:

A multinational chemical company – the client is a leading player in the chemical industry with several well-established subsidiaries operating in over 30 developed economies.

Business Challenge:

The client wanted to benchmark industry best practices to formulate winning strategies, tactics, metrics, and plans.


How did SpendEdge Help the Client?

  • Step 1: Developed a three-step methodology

Our industry best practices benchmarking experts followed a structured approach.

  • Step 2: Detailed assessment of the company’s process performance gaps

A detailed understanding of the existing business processes and performance gaps helped in deciding the what factors need benchmarking.

  • Step 3: Prioritized metric to benchmark

This step involved the identification and analysis of collected data to reveal the extent to which the current performance can be improved for each segment. 

The implementation of these steps helped the chemical company to gain a clearer picture of their performance levels in comparison with others in the chemical industry.


Key questions answered in this industry best practices benchmarking study include:

chemical industry


Benefits of the Engagement:

Our industry best practices benchmarking solution helped the chemical industry client to analyze the organization’s past performance in relation to the industry best practices, competitors’ strategies, and proposed benchmarking changes. It also offered detailed insights on the potential benefits of adopting the benchmarking practices; thereby, enabling them to establish new functional goals.

Why incorporate industry best practices benchmarking?

Industry best practices benchmarking is essential for organizations striving to enhance their operational performance and efficiency across different aspects of the industry. Benchmarking industry best practices also enables firms to acquire knowledge on hard facts such as – performance gaps, operations rates, and industry risks. It also offers information on ways to improve their organizational performance.

Our Findings:

It is noted that most organizations are reluctant to use industry benchmarks. For any organization, it is important to understand the acceptable industry standards and determine where their company stands vis-à-vis that standard. Industry best practices benchmarking also help firms to stay in sync with the current market scenario.


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Achieving Organizational Objectives With the Aid of Industry Best Practices Benchmarking Study

Overview of the global auto parts market

The global automotive industry is experiencing rapid technological transformations, thanks to disruptive innovations that are driving these changes. Several new markets have opened up growth avenues and new market trends have paved their way to success. What’s even more interesting is that the convergence between auto manufacturers and technical solution providers is blurring industry lines and expanding the bounds of the traditional automotive industry.

 “Improvements in competitive pricing, product quality, and development of new automotive models will assist auto parts manufacturers to perk up the competition.”

Considering the fast-paced automotive environment and technological innovations that take place on a daily basis, business models and industries are subjected to rapid disruptions and transformations. However, such factors alone do not determine the risk mitigating ability of companies in the auto parts manufacturing space.

In addition, as the views of consumers evolve from an ownership-centric outlook to a service-centric mindset, the supply chain will be at the core of this transformation. Companies will have to adapt and incorporate specific supply chain strategies to gain a stronger foothold. In the midst of these factors, enhancing market share, developing industry benchmarks, and complyingrequest proposal with regulation becomes a major concern for the manufacturers of auto parts.

The Business Challenge and Journey

Client background: A fortune 500 multinational corporation, the client is a leading player in the automotive industry, specializing in the production of auto parts and a multitude of auto components. Headquartered in the United States, the company employs over 70,000 employees while providing services to customers in over 30 countries.

  • Client issue: The biggest concern of the client was to enhance the efficiency of their business operations, by comparing their business plans with the industry best practices.
  • Client journey: The client gained a better understanding of the automotive industry benchmarks, major risk factors, supplier negotiation strategies, industry standards, and expectations. They also implemented industry best practices across the supply chain and improved internal benchmarking to enhance performance in different departments. The solution offered touched upon various aspects of the auto parts industry – industry standards, supply forecasting, demand forecasting, material procurement, product quality engineering, value product engineering, logistics, and sourcing strategies.

Research methodology: To help the client identify the industry best practices and set benchmarks to drive strategic value across their supply chain, the industry best practices experts at SpendEdge devised an integrated research approach. The approach included primary research coupled with qualitative and quantitative data collection methodologies. The experts also congregated information from a wide array of secondary sources such as paid, company presentations, industry forums, and industry database within the automotive industry space.


What is industry best practices benchmarking?

Industry best practices benchmarking is the process of identifying and evaluating the best practices to be adopted by companies in a particular sector. Organizations operating in different sectors can leverage industry best practices to enhance the efficacy of their overall operations.

Moreover, the process of benchmarking industry best practices involves identifying problem areas and comparing them to the best practices in the industry and implement the necessary changes. Also, organizations that have successfully implemented a system for benchmarking and best practices report significant savings and improved performance.

Key questions answered in this industry best practices benchmarking study include:

Industry Best Practices


The Results

The auto parts manufacturer achieved their organizational objectives and managed to expand their supply chain operations. This was made possible by identifying the best practices for sustainability in the auto parts industry and by comparing their performance with that of their competitors. Additionally, they leveraged internal benchmarking to enhance performance in different departments. 

With the emergence of autonomous vehicles and growing popularity of the connected cars revolution, the automotive industry is set to undergo drastic transformations in the next few years. This makes it all the more essential for auto parts manufacturers to enhance topline growth strategies while developing new sustainable practices to improve cost efficiency and profitability. Therefore, it is evident that those who deploy supply chain transformation strategies now will be in a better position to succeed in the future.


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Peer Group Best Practices Benchmarking: How it Helped a Semiconductor Devices Manufacturer to Gain an Independent Perspective of Their Performance

Overview of the semiconductor devices industry

Semiconductor devices are electronic components developed based on the properties of semiconductor materials such as germanium, silicon, and gallium arsenide. Semiconductor devices are increasingly replacing vacuum tubes in several applications. Also, such devices make use of electronic conduction in the solid state as opposed to thermionic emission in a high vacuum.

In the ICT industry, the semiconductor devices manufacturing segment is classified into:

  • Microprocessors
  • Complex SOC
  • Memory
  • Commodity Integrated Circuit

Moreover, the demand for semiconductor devices continues to grow owing to the need for enhanced computing power across industries and other establishments. However, the fundamental assumptions of scaling according to Moore’s law play a significant role in device design and manufacturing investment leading to new architectures, materials, and approaches. As of late, the semiconductor devices industry has also consolidated significantly following the same path of past maturing industries. request free proposalThe result is a consolidated industry optimized for profitability and high efficiency to serve the evolving needs of the end-market segments.

The Business Challenge and Journey

The client, a leading player in the ICT industry, specializing in the manufacture of the semiconductor devices was looking at leveraging SpendEdge’s best practices benchmarking solution. The client wanted to gain comprehensive insights into the market trends to identify new development opportunities in the ICT industry and create a competitive environment within the organization.

The company’s supply chain management executives recognized the tremendous benefits of leveraging SpendEdge’s best practices benchmarking solution. As such, they were looking at gaining an independent perspective of their performance when compared with their competitors. Moreover, the client wanted to set standards for performance expectation and prioritize improvement opportunities.

To identify challenges in supply chain functions, the industry best practices benchmarking experts at SpendEdge carried out extensive research comprising interviews and discussions with prominent stakeholders in the semiconductor devices industry. The experts also compiled information across a wide array of reliable sources such as trade shows, company presentations, industry forums.

Fundamental questions answered in this best practices benchmarking study include:

Semiconductor Devices


The Result

SpendEdge’s best practices benchmarking solution offered relevant insights that helped the semiconductor devices manufacturing company in understanding the real opportunities and their priorities at different levels. Also, with the help of best practices benchmarking, the client was able to minimize resistance to change and garner support for action.

Why should you leverage best practices benchmarking?

Integrating industry best practices benchmarking into the organization will result in valuable data that encourages discussions and sparks new ideas. However, the approach to benchmarking can be as critical as the data. However, the most successful establishments prefer to incorporate benchmarking into the culture by engaging key decision makers and industry leaders throughout the process.

Semiconductor devices industry trends:

  • Connected revolution- Semiconductors devices serve as the basis for enabling Internet of Things (IoT) technologies and related applications. The popularity of smart homes and devices have increased the demand for semiconductor To capitalize on this new market trend, leading players in the semiconductor devices sector are changing their sales, marketing, and product development approach to redefine go-to-market strategies.
  • Increase in mergers and acquisitions- Owing to their slow growth in specific segments, leading semiconductor devices manufacturers are increasingly turning towards mergers and acquisitions to reduce revenue volatility through a diversified portfolio of products or solutions. Also, players in the semiconductor devices sector should consider developing an explicit M&A strategy to drive execution.

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Industry Best Practices Benchmarking for a Leading Animal Feed Manufacturer Helps Them Achieve Breakthrough Improvements in Their Overall Performance

Overview of the Animal Feed Industry

The animal feed manufacturing segment plays a significant role in the global food industry, enabling the large-scale economic production of animal proteins across the globe. Organizations in this sector manufacture food for livestock including poultry, cattle, and other such animals primarily from grains, proteins, and vitamins. Additionally, the growing demand request free proposalfor animal protein in developing nations has accelerated the growth of the global animal feed manufacturing sector.

The Business Challenge and Journey

The client, a leading animal feed manufacturing company, was looking at leveraging SpendEdge’s industry best practices benchmarking solution. The client was facing several issues related to their inefficient management strategies. The company’s supply chain management executives recognized the tremendous benefits of adopting the best practices in industry benchmarking. As such, they were looking at reducing the company’s risk profile by improving the efficiency of their overall operations by comparing them with the set industry standards.

To identify challenges in the supply chain functions, the market intelligence experts at SpendEdge carried out extensive research comprising interviews and discussions with prominent stakeholders in the animal feed manufacturing sector. The experts also compiled information across a wide array of reliable sources such as trade shows, company presentations, industry forums.

Why should you leverage industry best practices benchmarking?

Industry best practices benchmarking is a valuable exercise for organizations striving to enhance their operational efficiency and the effectiveness of the overall business operations. Industry best practices also exposes hard facts about the performance of your company while recommending ways to improve them. Moreover, best practices benchmarking done right is more than just a casual, anecdotal look at the competition. Determining which of the hundreds of metrics to focus on may seem tricky at the moment, but worthwhile pursuit. However, to succeed, organizations will have to develop a well-thought-out strategy to obtain the desired results.

Fundamental questions answered in this industry best practices study include:

Animal Feed


The Result

SpendEdge’s industry best practices benchmarking solution offered relevant insights that helped the animal feed manufacturer monitor their performance and implement changes to drive profit margins. Our solution also enabled the client to identify, adapt, and implement the best practices that produced the best performance results in the animal feed manufacturing sector. Moreover, the best practices benchmarking engagement enabled the client to achieve breakthrough improvements in their overall performance. Furthermore, it offered relevant insights to better understand the market scenario, industry standards, and expectations.

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Animal feed industry challenges

  • The availability of local proteins – In the global animal feed manufacturing industry, there is an increase in the pressure to substitute common protein sources like soybeans with less globalized ones.
  • The use of additives and premixPremixes as well as additives like vitamins, enzymes, or amino acids play a crucial role in ensuring optimum feed for livestock. Also, animal feed manufacturers who are not engaged in the ongoing war between additives and premixes may have to adopt either of the two eventually.
  • The emergence of genetically modified organisms (GMO)A major challenge for animal feed manufacturers revolves around the use of such techniques. However, genetic engineering offers benefits such as a reduction in prices of animal feed, increased crop yields, reduced need for pesticides, and enhanced nutrient composition.

Integrating the industry best practices into the organization will eventually result in the generation of valuable data that encourages discussion and sparks new ideas and practices. However, the approach to benchmarking can be as critical as the data. Organizations that successfully incorporate benchmarking practices into their processes by collaborating with key decision makers and personnel throughout the process will gain a competitive advantage.


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