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Supplier risk analysis

How Supplier Risk Analysis Helped an FMCG Company to Improve the Product Quality through the Supply Chain

US FMCG Industry Overview 

Globalization and the fast improvement in high-quality products have created high levels of market pressure for companies. The number of agents involved in the supply chain network has increased, making supplier risk analysis very difficult. For this reason, companies have more delay points and greater uncertainties. Today, greater coordination, communication, and monitoring are required of firms. The obvious problem is that even a minor incident in one part of a supply chain can have disastrous effects on other parts of the supply chain network. Leveraging supplier risk analysis solution becomes imperative in such a situation to ensure the smooth functioning of the supply chain.

Business Challenges Faced 

The client is one of the leading distributors in the US FMCG industry that supplies their imported products to most of the Central American regional market. It distributes popular products with a high volume, and its major supply base includes 30 first-tier suppliers, which are mainly located in America. More than half of the first-tier suppliers are large firms and they are mostly located in Mexico. The company relies heavily on international suppliers. The company, therefore, wanted to examine risk quality from suppliers’ and customers’ perspectives to gain a specific insight into risks in their global supply chain.

Performing a supplier risk analysis is crucial for companies to manage quality risk in the global supply chain. Request a proposal to access our supplier risk analysis solutions for FREE now!

Our Research Approach 

The collection of accurate information related to supplier risks was complex and required analysis and an overall framework throughout the sourcing lifecycle. The experts analyzed all suppliers associated with the organization and identified four major risks. These included quality risk, price risk, technology risk, environmental risk. Based on the supplier risk analysis, the experts recommended a product quality risk strategy program to define action plans for improving the product quality through the supply chain.

The supplier risk analysis solution offered helped the client to terminate suppliers’ relationships with high risks. Also, the information about supplier’s sources and production practices improved visibility in the supplier production process. The client was better able to manage contracts with the main suppliers and implement rules with a quality test policy. The insights provided also helped the client to contract an external organization to inspect, evaluate and implement new companies’ practices in order to improve the flow of goods and information.

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Engagement Outcome 

With the help of supplier risk analysis solution, the company gained better insights to improve, transparency, implement quality control programs, and reduce the product transit time. Risks associated with the organizational structure were identified and action plans were developed to increase the flexibility of manageable quality products.

Implementing a quality control program requires companies to improve the supplier risk analysis process. Subscribe now to enjoy free access to our web-based platform for better insights. 

Benefits of SpendEdge’s Supplier Risk Analysis Solution

  • Gain detailed insights into every attribute of a supplier’s financial stability.
  • Recognize and uncover hidden cost drivers in the customer-supplier relationship.
  • Better plan new products and services based on a good understanding of suppliers’ capabilities.

To know how supplier risk analysis report can benefit your organization, request for more information from our analysts.

Supply chain mapping

Mitigating Supply Chain Disruptions by Performing Supplier Risk Analysis

SpendEdge, a leading provider of supply market intelligence solutions, has announced the completion of their latest newsletter on mitigating supply chain disruptions by performing supplier risk analysis. The article offers detailed insights into the benefits of supplier risk analysis solution reaped by our clients.  The article also highlights how performing supplier risk analysis can help companies to transform their business models and manage operating costs more effectively. 

Recognizing Flaws in the Supply Chain to Restructure Financial Capabilities

Companies in the energy industry need to transform their business models to manage investments and operating costs effectively. The client, a renowned energy services provider decided to leverage our services to develop a robust supplier risk analysis model. They wanted to identify active suppliers and analyze their spend to improve sourcing and procurement functions.

During the course of supplier risk analysis engagement, our specialists carried out extensive research comprising interviews and discussions with leading stakeholders in the energy services sector. They identified the macro and the micro-economic risks and helped the client to improve workflows, address risks effectively, and restructure their financial capabilities.

Managing the Ever-changing Risk Environment for a Mineral Oil Manufacturer

Assessing the risk factors impacting the realization of tactical and strategic goals has been a challenge for companies in the oil industry. A multinational company specializing in the manufacturing of mineral oil was facing predicaments in analyzing supplier risks and devising an appropriate risk analysis model. They wanted to analyze risks and perform quantitative analysis of various categories within the supply chain.

To help the client assess the impact of key factors across their global supply chain, our experts developed a proprietary risk assessment matrix and categorized risks based on the probability of their severity and occurrence. They evaluated the potential threats and supply chain vulnerabilities and helped the client to determine the appropriate strategies to reduce the impact of risks on the supply chain.

Mitigating Supply Chain Risks by Conducting Supplier Risk Analysis

With rapid changes in the transportation services sector, companies need to keep a track of what’s going on in the industry and devise robust supply chain strategies. One of our clients, a leading transportation service provider was finding it difficult to improve their supply chain while keeping productivity standards. They efficiently wanted to manage the supplier information by alleviating risks and reducing costs while implementing risk analysis strategies.

The supplier risk analysis carried out by our experts helped the client to identify factors that can lead to supplier risks. This helped them estimate the impacts of disruptions across the extended supply chain and focus on services that were aligned with the organization’s core value drivers. Additionally, the solution offered helped the client to minimize the cost of managing supplier data and improve their overall supply chain performance.

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A Leading CPG Company Mitigates Risks and Improves Cash Flow Margins with SpendEdge’s Supplier Risk Analysis

CPG Industry Overview

Profitability is the key aim of all companies in the CPG industry.  But with fast-changing consumer preferences and shifting channel landscape, CPG companies have been forced to cut their costs and improve their supplier risk assessment process to address unprecedented risks. Businesses in the CPG industry need to devise a way to obtain a larger return on their investments and improve profitability.

Business Challenges Faced

The client is one of the leading companies in the CPG industry, based out the United States, and has operations spread across the globe. However, factors such as increasing trade wars and tariffs in the US, rising raw material costs, stalled demand, and declining profit margins were increasing supplier risks. The inability to manage such supplier risks was resulting in significant monetary losses, damaging the company’s reputation, and resulting in regulatory penalties, production delays, and product recalls.

The client, therefore, approached SpendEdge to leverage their expertise in conducting supplier risk analysis and profitability assessment. With SpendEdge’s supplier risk analysis solutions, they wanted to identify typical risks associated with key suppliers in the CPG industry, their impact on the supply chain, and analyze the overall efficiency of the firm in generating returns for its shareholders.

The key financial objectives client aimed to achieve through the supplier risk analysis engagement were:

  • Compute gross profit margins and operating profit margins to determine functional areas that were impacting the firm’s profitability.
  • Propose measures to increase value obtained from existing suppliers and improve the cash flow margin.

(more…)

supplier performance management

Improving Supplier Segmentation for an Industrial Machinery Manufacturer by Conducting Supplier Risk Analysis

Companies of today are exposed to ever-growing counterparty risks. It is, therefore, recommended to evaluate supplier risk continuously to minimize disruption in the production process. Also, to maintain a competitive advantage, manufacturers must improve their supplier risk analysis process.

The Business Problem

The client is a leading industrial machinery manufacturer in the US who engages with approximately 100,00 suppliers in over 35 countries worldwide. Despite having different audit programs in place for a few suppliers, the US and foreign supplier concerns and distribution disruptions were impacting the growth of the client. Poor supplier segmentation and rising overhead audit costs were further forcing the client to adopt best-in-class supplier risk analysis methods. The client, therefore, approached SpendEdge to leverage their expertise in offering supplier risk analysis solution. By adopting SpendEdge’s supplier risk analysis methods, the industrial machinery manufacturer wanted to overcome shortcomings on the part of suppliers that were exposing them to a variety of risks.  

Segregating suppliers based on the risk they pose is crucial for organizations to mitigate risks. Request a free proposal and access our complete portfolio of supplier risk management solutions.

Solutions Offered and Client Journey

The experts at SpendEdge conducted a comprehensive supplier risk analysis to integrate supplier information across operational systems. They effectively consolidated supplier data across the organization to provide real-time information on suppliers and improve visibility for informed supplier risk management. This facilitated a smooth workflow for the client across different departments and business units, offering clear insights into risk factors, apart from implementing actionable supplier risk analysis techniques.

The experts also utilized due diligence data from different internal and external sources to identify suppliers that were important for the organization but posed the highest level of risk. They assigned risk categories based on supplier segmentation and provided detailed insights regarding suppliers that were likely to disrupt operations impacting the supply chain.  Such risk analysis methods enabled the client to engage with suppliers and develop effective contingency plans while predicting supplier failure. In addition, the suggested risk analysis methods helped the client to plan ahead for potential disruptions from critical suppliers by engaging with suppliers who were already vetted and approved.  

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Key Findings and Outcome

Improved supplier segmentation

The solution offered helped the client to segment their suppliers based on each supplier’s risk profile. This allowed them to plan and prioritize supplier audits more efficiently and reduce the number of audits performed. In addition, the supplier risk management solution helped the client to calculate the risk profile of each supplier based on audit ratings, supplier self-assessments, and other such factors

Enabled supplier rationalization

The supplier risk analysis methods helped the client to gain better visibility into supplier capabilities, maturity, and risks levels. This provided them a comprehensive understanding of where suppliers need to improve their internal processes and scale up operations. For detailed insights on the complete list of solutions delivered, request for more information.

How to Improve the Supplier Risk Analysis Process?

According to SpendEdge, following these six supplier risk analysis methods can help companies to improve their supplier risk management process.

  • Identify active suppliers, analyze the spend, and cleanse the data to develop a comprehensive overview of the supply base.
  • Figure out suppliers posing the highest level of risk who can disrupt ongoing operations.
  • Collect supplier data from different sources and gain a better understanding of risks.
  • Analyze the data to predict risks in the context of business activities and the impact they can drive.
  • Implement risk analysis techniques to address risk more quickly, efficiently and effectively.

Want to about common supplier risk analysis methods that can prove beneficial for your business? Get in touch with our experts now!

Supplier Risk Analysis Engagement: How it Helped a Power Engineering Company to Develop Strategies to Guard the Company Against Supply Chain Risks

Engagement Overview:

A multinational power engineering company wanted to effectively assess the supply chain risks. To identify and assess the risk factors impacting the realization of their tactical and strategic goals, the energy industry client approached SpendEdge to devise a comprehensive approach that would help them analyze risks and gain a better understanding of their outcome. A detailed quantitative analysis of various categories within the supply chain was carried out to identify and benchmark the best practices to berequest proposal followed.

About the Client:

A leading power engineering company. The client is a leading player in the energy industry, specializing in the delivery of a wide range of integrated power solutions to major players across industries.

Business Challenge:

The energy industry client was facing challenges in analyzing supplier risks and devising an appropriate risk analysis model that considered the impact of key factors on their global supply chain.


How did SpendEdge Help the Client?

  • Step 1: Developed a risk assessment matrix

The initial step in risk analysis involved the assessment of risk factors and the development of an appropriate risk assessment matrix to help the client categorize and prioritize risks based on the probability of their occurrence and the severity of their impact. This assisted the power engineering company to analyze the risk factors and determine if they have appropriate strategies to reduce the impact.

  • Step 2: Identified the risk criteria

Identified and developed a common set of factors to help the client evaluate the severity of each of the risk factors. The risk criteria included factors such as – consequence, likelihood, vulnerability, and speed of onset.

  • Step 3: Developed a risk analysis model using a three-step approach

The scrupulous three-step approach helped in the constant monitoring of the supplier’s risks, which eventually led to the development of a robust risk analysis model. It also enabled the power engineering company to leverage the technology investments that were aimed at minimizing risks.


Key questions answered in this supplier risk analysis engagement include:

risk analysis


Benefits of the Engagement:

The supplier risk analysis engagement helped the power engineering company client to allocate more resources to effectively assess and manage the ever-changing risk environment. The development of an effective risk analysis model further assisted the company to be more diligent towards the dynamic risk environment by understanding and analyzing the potential threats and supply chain vulnerabilities as they appear.

Why incorporate risk analysis?

The uncertainty in the global economy has majorly influenced the way businesses function these days. Leading organizations that used to operate efficiently with the help of demand forecast and future projections now refrain from making business decisions that are set in stone. Surprisingly, companies have now renewed their focus to- ‘efficient risk management’.

Risks are the major cause of uncertainty in any enterprise. Companies are therefore increasingly investing in identifying and managing them even before they affect the business. Risk analysis acts as the key to making futuristic business decisions. Moreover, our risk analysis experts offer detailed insights that help them deal with the risks facing the company.

Our Findings:

Risk analysis acts as a precursor to developing a risk management plan that identifies the most efficient approach to risk management. If your organization is looking to employ an effective risk management model, then risk analysis is the ideal approach to identify alternative and feasible ways to mitigate risks.

Moreover, risk analysis greatly improves the overall decision-making process, as decisions will not only be based on the risk mitigation strategies but also on the expected project outcome and the other external and internal risks. In fact, while it is not possible to know the unknown, it is, however, possible to govern the occurrence of unlikely events and plan accordingly.


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SpendEdge’s Supplier Risk Analysis Helps a Renowned Energy Services Provider Mitigate Supply Chain Disruptions

Overview of the Energy Industry

Supported by high oil prices and the rising demand, the energy industry is facing the need to transform their business models to manage investments and operating costs more effectively. With a radical shift toward a service-driven economy, the energy services providers are relying on IT technologies to improve service effectiveness and enhance their overall efficiency. Amid the ongoing regulatory and environmental changes, energy services providers are focusing on pursuing opportunities to expand in new markets and achieve the economies of scale to remain competitive in the market.

Although companies are facing pressures when it comes to improving their efficiency, achieve greater cost competitiveness, and an outstanding level of environmental performance, the energy services space is confronted with certain challenges. These include:

  • The growth of alternative energy sources: With the rising environmental impact of fossil fuels, companies in the energy industry are focusing on sustainable and economically viable sources. In addition, new technologies are beginning to unlock renewable sources such as natural gas, making it a cheap and clean alternative source for
  • Rising need to reduce the environmental impact: Since the growing concern for the environment is rising, governments are implementing strict rules and guidelines to encourage the use of alternative sources such as wind, solar, and natural gas to reduce the impact of coal production on the environment. Also, leading energy services providers are facing the need to store carbon dioxide to realize a meaningful reduction in emissions in the environment.
  • Increasing energy efficiency: To meet the rising energy demand, energy services providers are facing the need to produce affordable energy to allow the consumers to maintain a comfortable standard of living. In addition, energy services providers are also facing the need to streamline their production capabilities and reduce waste during the supply.

Amid the growing regulatory concerns, energy services providers need to deploy effective measures to gain a competitive advantage and maintain commitment and resolve issues pertaining to the rising energy demand. Additionally, to reduce CO2 emissions and reduce any flaws pertaining to the supply, companies in the energy services space should rely on an efficient solution such as supplier risk analysis.request free proposal

The Business Challenge

A renowned energy services provider wanted to identify the industry best practices to help organizations reduce vulnerabilities and ensure continuity in their operations. The energy services provider wanted to identify and manage their supplier risks and revisit their risk models to improve their sourcing and procurement functions. In addition, the organization wanted to leverage the use of supplier risk analysis to identify active suppliers and analyze their spend effectively.

The sourcing and procurement experts at SpendEdge carried out extensive research comprising interviews and discussions with leading stakeholders in the energy services space to reduce the risk of supplier failures and improve the continuity in the supply chain. To improve the supplier performance management process, the sourcing and procurement experts also compiled information across a wide array of reliable sources such as trade shows, company presentations, and industry forums.

SpendEdge’s supplier risk analysis solution focused on prominent ways to identify the typical risks associated with the key suppliers and the risks associated with the subsidiaries. In addition, the energy services provider was able to identify the macro and the micro-economic risks and robust mitigation strategies to curtail these associated risks. The solution also helped the energy services provider restructure their financial capabilities and the risks associated with the subsidiaries.

Fundamental questions answered in this supplier risk analysis include:

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The Results

SpendEdge’s supplier risk analysis solution focused on identifying effective ways to recognize the flaws in the supply chain and devise effective strategies to improve workflows and address risks more quickly, efficiently, and effectively.

To know more about our supplier risk analysis solutions

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Supplier Risk Analysis: SpendEdge’s Solution Helps a Renowned IT Company Deal with Supply Chain Disruptions

Overview of the IT industry

In this age of digital disruption, technology companies are finding it difficult to transform their operations and business models and reduce the time-to-market for the products offered. As a result, IT companies have been compelled to identify trends in the market to formulate better strategies and understand the potential areas of growth. Our research shows that the growth of the IT industry can be attributed to factors such as the implementation of government-backed reforms and the increased spending on IT infrastructures.

Though the IT industry is witnessing promising growth, several factors may curtail the growth of the industry. They include:

  • Cybersecurity: Today, the IT industry is facing a host of challenges pertaining to privacy and taxation. With the rising occurrences of cyber-attacks, governments across the globe have started investing heavily in setting up a better IT infrastructure to curtail the chances of cyber threats. Similarly, companies operating in the IT industry should have been forced to implement strong and reliable cybersecurity measures to improve their service efficiency and reach out to the target audience in an agile and seamless manner.
  • Maintaining innovations: The IT industry is witnessing a radical shift toward digital disruption. Prominent IT companies are facing the need to stay ahead of the competition by leveraging new technologies. Moreover, to keep pace with the competitors, companies are adopting strategies that focus on consolidation and mergers and acquisitions to foster entrepreneurship and enhance production capabilities.

To deal with such challenges, many IT companies have started leveraging solutions that aid in risk analysis. A risk analysis solution helps business identify, assess, and mitigate risks in the supply chain to reduce vulnerability and ensure consistency.request free proposal

The Business Challenge and Our Journey

The client, a renowned IT company, wanted to profile the most prominent suppliers and evaluate their overall performance. With the help of SpendEdge’s risk analysis solution, the client wanted to address delays in the launch of new products and services and delays associated with the disruption in the supply chain. With the help of our risk assessment solution, companies in the IT industry wanted to understand the regulatory penalties better and accordingly re-allocate their resources to improve supply chain efficiency.

To analyze the predict risks in the supply chain process, SpendEdge’s procurement experts carried out extensive research comprising interviews and discussions with prominent stakeholders in the IT industry. The procurement experts also compiled information from various secondary sources including trade shows, company presentations, and industry forums in the IT industry.

The risk analysis solution offered by SpendEdge sought ways to identify the typical risks associated with the key suppliers. The engagement also offered insightful ways for the client in the IT industry to profile the macro and the microeconomic risks and issues pertaining to the quality of the products offered. The risk analysis solution also offered potential ways to monitor the impact of the risks on the supply chain efficiency in the IT industry.

Fundamental questions answered in this supplier risk analysis solution include:

Sp- IT company


The Results

SpendEdge’s risk analysis solution helped the client identify, develop, and obtain the right supplier risk data and revisit their risk assessment models to mitigate potential supply chain risks. The engagement assisted the IT industry client to refine their skills and improve continuity in their supply chain operations.

To know more about our supplier risk analysis and how we help companies in the IT industry

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SpendEdge’s Supply Chain Risk Analysis Solution Helps a Renowned Third Party Logistics Provider to Mitigate Potential Risks

Overview of the Third Party Logistics Market

Today, companies in the third party logistics market are facing immense challenges when it comes to managing their inventory, reducing capital expenditure, and mitigating risks. With the growing preference for outsourcing business functions, companies in the third party logistics market are facing the need to optimize their supply chain activities to meet the increasing shipping demands. The growth of the industry can also be marked by the availability of industry-logistics services and the emergence of big data. Moreover, the issues related to logistics costs have increased the focus on supply chain visibility and security. Although the third party logistics space is witnessing considerable growth, several factors may curtail the growth of the industry. They include:

  • Meeting suppliers’ specific requirements: Prominent 3PL companies are facing the dire need to meet the specific needs of suppliers, especially in terms of packaging, on-time delivery, and customer service. Moreover, third party logistics providers should also ensure that they keep track of all the shipments to provide better visibility into the services.
  • Increasing emphasis on rules and regulations: Since most third party companies aid in the transportation of goods to different regions, companies should abide by the set of laws and regulations for that specific location to continue their activities in a hassle-free manner. Moreover, prominent logistics providers should also meet the compliance requirements to ensure smooth functioning of the supply chain.

To address such challenges and identify relative risks in the logistics industry, businesses are utilizing supply chain risk management solutions. In the third party logistics space, a supply chain risk management solution will help businesses identify, monitor, detect, and mitigate threats to ensure supply chain continuity and profitability.request free proposal

The Business Challenge and Our Journey

The client, a renowned third party logistics provider, wanted to identify the potential threats in terms of cost volatility, material shortages, and supplier financial issues, and ensure continuity in the supply chain process. With the help of our supply chain risk management solution, the third party logistics provider wanted to collect, analyze, and manage supplier information and leverage the use of advanced technologies to automate early detection. Moreover, the third party logistics provider needed to focus on their marketing efforts to reduce production cycles and maximize the ROI.

To identify, analyze, and manage risks, the procurement experts at SpendEdge carried out extensive research comprising interviews and discussions with prominent stakeholders in the third party logistics space. The experts also compiled information from reliable sources such as paid industry databases, trade shows, and company presentations to generate valuable insights into the supply chain process.

The supply chain risk analysis solution offered by SpendEdge helped the third party logistics provider understand the structure and the current state of the supply chain. The engagement assisted the client in analyzing the trends and forecasts in the supply chain and the effect of potential risks on the overall supply chain efficiency.

Fundamental questions answered in this supply chain risk analysis include:

Sp- supply chain01


The Results

The supply chain risk management solution offered adequate insights into the typical risks associated with the supply chain and the impact of these risks on the overall business efficiency. The third party logistics provider was able to reduce lead times, increase operational efficiency, and ultimately improve their overall ROI.

To know more about our supply chain risk analysis solution in the third part logistics space

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Supplier Risk Analysis Assists a Prominent Transportation Services Provider Reduce the Risk of Supplier Failures

Overview of the Transportation Services Industry

The transportation services industry encompasses several sub-sectors including subways, municipal buses, goods transport systems, and other similar modes of transport. Just like the other peer industries, the leading players operating in the transportation services sector are looking at expanding their business units to establish their presence in the market. The transportation services sector is a capital-intensive one, and the demand for these services is further driven by the macroeconomic trends in global exports and imports.

Here are a few factors that may curtail the growth of the transportation services industry:

  • Economic factors: Transportation projects may have an adverse impact on the community’s economic development objectives including employment, business activity, property values, productivity, and investments. The main aim of such projects revolves around improving the overall accessibility while reducing transportation costs. Hence, it becomes necessary to consider both the positive and negative impacts of economic factors.
  • Community impacts: These include the impact of a transportation project on adjacent communities beyond specific factors that adversely affect the direct users of transportation facilities. It is also referred to as ‘social impacts’ and includes changes in walking environments, views, noise, and land use mix and community cohesion. Also, community impacts serve as a significant decision factor when transportation services providers are weighing both the adverse and distributional effects of proposed projects.

To counter these challenges and identify the potential risks in the supply chain, organizations are opting for supplier risk analysis solutions. Supplier risk analysis solutions help businesses to identify, monitor, detect, and mitigate threats to maintain supply chain continuity and profitability.request free proposal

The Business Challenge and Our Journey:

The client, a well-known player in the transportation services industry, was looking at leveraging supply chain risk management solutions to enhance the quality of the supply-chain and maintain productivity standards while mitigating risks and cutting down costs. With the help of industry best practices, the client wanted to collect, analyze, and manage supplier information efficiently. The primary objective of the transportation services provider was to gain actionable insights into the current industry trends and manipulate data, compliance, and risks across their global supply chains. They were also looking at implementing robust supply chain management solutions to reduce supplier failure rates.

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

The supply chain risk management solutions offered by SpendEdge assisted the transportation services provider in identifying and collaborating with the right suppliers to bring about a positive impact on their overall business performance. Our solutions helped them in profiling the suppliers based on the typical risks associated with each. Moreover, the client was successful in reducing the cost of maintaining supplier data, which improved the overall supply chain efficiency.

Fundamental questions answered in this supply chain risk management solution include:

Sp- transportation services

The Results:

SpendEdge’s supply chain risk management solutions offered relevant insights into the compliance and regulatory issues in the transportation services industry. The client was able to identify and collaborate with selected suppliers based on the associated risks to improve the overall supply chain efficiency.


To know more about our supply chain risk management solutions

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