Download this free article to know improving strategic sourcing process can help companies to strengthen their position in the Australian market amid the rising market opportunities.
Globalization of supply chains has made ecommerce giants explore market opportunities in different countries. But at the same time, it has also increased the number of third-party logistics (3PL) providers and co-packing suppliers which is negatively impacting the cost efficiency of companies. They need a strategic sourcing model that can successfully reduce operational costs and improve spend visibility.
The Business Problem
Know how, a $10 billion-plus global leader in e-commerce business engaged with SpendEdge to leverage strategic sourcing to strengthen its position in the Australian region. The client also focussed on building an agile supply chain and improving third-party logistics (3PL) operations to reduce spend on transportation and warehouse management. The key objectives they were looking to achieve through this engagement were:
- Manage the rising number of suppliers.
- Improve the supply chain process
- Reduce operational costs.
- Track their purchasing budget, stocks, and supply market.