Tag: supply chain risk analysis

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Battling Supply Chain Risk in Five Simple Ways

Supply chain risk definition

Risk refers to the probability of any undesired event caused due to external or internal vulnerabilities which can be avoided by using preventive actions. Supply chain risk includes any type of risk that is associated with a company’s supply chain. These risks may be anything ranging from natural calamity in a region that the organization procures raw material for production activities to transportation strike due to which finished goods cannot be supplied to the market. Supply chain risk is the deviation from the expected or standard performance of these functions. Including demand planning, sourcing, production, supply planning, transportation, and reverse logistics.

What is supply chain risk management?

Supply chain risk management refers to an organization’s coordinated efforts to identify, monitor, detect, and mitigate any threats to supply chain that can consequently affect the company’s continuity and profitability. Cost volatility, supplier financial issues and failures, material shortages, and natural and manmade disasters are some of the primary examples of supply chain risk. Global supply chain leaders use supply chain risk mitigation strategies and software in order to foresee potential issues and adapt to these risks and unforeseeable supply chain risk as quickly and efficiently as possible.

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6 Major Causes of Supply Chain Risk and Ways to Overcome Them

Supply chain risk is an inevitable component of a business, and these risks evolve and become more prevalent with time. In this dynamic scenario, yesteryear’s supply chain risk management strategies often prove to be ineffective. Businesses having a poor grasp of hazards in the supply chain will increase freight spend and diminish the brand value. However, having an idea about the supply chain risk that companies endure in the global market will help reduce their impact. This will also enable shippers to mitigate the likelihood of occurrence and minimize disruptions simultaneously.

Unfavorable weather conditions

Extreme weather is a significant supply chain risk to ocean freight activities. Tropical storms can prove disastrous for ocean carriers. The recent reports on the global climate change indicate tropical storm threat is on the rise. One of the ways in which shippers can avoid such supply chain risk is through re-evaluating ocean route used and determining which carriers can increase shipping in anticipation of tropical storms.

Connectivitysupply chain risk

In the age of modern trade, supply chain risk exists within the connectivity of systems. The integration and modification of systems increase the risk even though systems can be integrated through an open-source software. Furthermore, poorly integrated systems could lead to bottlenecks and disruptions in the supply chain. To stay prepared for such contingencies, companies must create a backup data resource and decentralize the data storage. It is also vital to ensure that the system connectivity is on a secure network. Furthermore, companies must give emphasis to avoid unnecessary modifications, and work with expert supply chain systems’ integrators in order to maximize profitability and efficiency.

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IR4

Supply Chain Risk Analysis Engagement: A SpendEdge Case Study on How We Helped a Sensor Technology Company

Engagement Overview:

A leading sensor technology company wanted to enhance their procurement strategies to tackle risks across their supply network. The client also wanted to develop a supply chain risk management strategy to boost their procurement efficiency. To do so, the sensor technology firm approached SpendEdge to leverage a supply chain risk analysis solution and devise an accurate risk management strategy. The supplyrequest proposal chain risk analysis engagement entailed a quantitative analysis of various supply chain categories to build an exclusive risk management model.

About the Client:

A leading player in the manufacturing sector, specializing in the sensor technology segment.

Business Challenge:

The manufacturing sector client was facing several challenges owing to their inefficient risk management strategies.


How did SpendEdge Help the Client?

  • Step 1: Leveraged supply chain intelligence

Leveraging supply chain intelligence offered an all-encompassing analysis of the supply market scenario, trade flows, economic conditions, and supply chain risks.

  • Step 2: Identification and assessment of supply chain risks

Once the risks are identified and their source has been discovered, it is essential to assess each risk factor to measure their impact on the organization’s growth. This step involved the classification of identified risks based on the impact of their consequence and likelihood of occurrence.

  • Step 3: Analysis of gathered information to develop a precise risk assessment framework

To devise an effective supply chain risk management framework, it is essential to analyze the gathered data to identify risks and develop strategies to avoid their future occurrence.


Key questions answered in this supply chain risk analysis engagement include:

Supply Chain Risk


Benefits of the Engagement:

The supply chain risk analysis experts at SpendEdge devised a three-step comprehensive approach that helped the manufacturing sector client to develop a precise risk management framework by taking into account all the risk factors across the organization’s supply network. Also, the developed supply chain risk management model enabled the client to enhance procurement efficiency.

Why implement supply chain risk analysis?

Organizations across industries face several challenges in maximizing the value obtained from their supply network to meet the end-user’ expectations for sustainably. To maximize supply chain value and enhance sustainability, businesses need to identify the source of risks across the supplier network and implement iterative strategies to mitigate them.

Moreover, since supply chain risks range from violation of human rights to operational disruptions, it is essential to consider key factors affecting the supply network while devising an appropriate risk management framework. This is exactly what the supply chain risk analysis experts at SpendEdge specialize in. Our industry-specific guidelines help clients develop precise supply chain risk management strategies to ensure that they meet the industry needs and framework standards.

Our Findings:

SpendEdge’s supply chain risk analysis solutions are guided by the principles of supply market intelligence to help clients enhance their overall supply chain efficiency. In this supply chain risk analysis engagement, the three-step approach empowered the sensor technology client to integrate supply chain data from various sources to identify supply chain risks and implement appropriate risk mitigation strategies.


 To know more about our supply chain risk analysis solutions

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IR31

Supply Chain Risk Analysis to Increase Risk Management Maturity by Addressing Risks Proactively – A SpendEdge Case Study for a Biotech Company

Engagement Overview:

The client wanted to enhance production and delivery capabilities across their supply network. To proactively address risks in their supply chain, a biotech company approached SpendEdge to devise a comprehensive approach to risk management throughout their global supply chains. The three-step methodology included – identification, analysis, and risk management.

A detailed quantitative analysis of supply chain risks was carried out to identify, assess, and prioritize each risk factor based on their impact. Supply chain risk analysis enabled the client to integrate risk prioritization as a core strategy in their current risk management system. Following this, the biotech company redesigned their risk management system to request proposal leverage and include proactive risk mitigation strategies.

About the Client:

A multinational biotech company specializing in the manufacturing of biopharmaceuticals. The client is a leading player in the biotech industry with several well-established subsidiaries operating in over 30 developed economies.

Business Challenge:

The biotech industry player was facing difficulties in enhancing their risk management capabilities.

How did SpendEdge Help the Client:

  • Step 1: Developed a three-step methodology to strategically address the burgeoning nature of supply chain risks

Our supply chain analytics experts followed a structured approach to develop a precise risk assessment framework.

  • Step 2: Enhanced risk identification capabilities

Overcoming the rigidity caused by an inflexible supply chain and regulatory requirements, which required the incorporation of significant changes in risk identification, analysis, and risk management.

  • Step 3: Devised a unique risk mitigation procedure to reduce supply-side risks

The risk management strategies had to be redefined owing to the dynamic nature of supply chain risks and their significant impact on supply chain visibility, efficiency, and operations. Proactive risk management also requires a combination of measures – including changes to the organizational structure, risk management strategies, and the use of advanced supply chain risk analysis.


Benefits of the Engagement:

Our supply chain risk analysis solution helped the biotech firm to diversify their sourcing strategies and minimize the risk of catastrophic supply chain failure. It also enabled them to establish backup arrangements by qualifying additional suppliers.

Supply chain risk analysis offers greater visibility of supply chain processes by establishing a cohesive relationship between all tiers of the supply chain. A holistic risk analysis approach can help account for changes in process design, organizational operations, and data governance to address market trends including specialization, globalization, and regional demands.

Why incorporate risk analysis?

To deal with the shortcomings of traditional supply chain management systems, companies are now recognizing the need to incorporate risk analysis to identify and assess supply-side risks. Moreover, with sophisticated technologies now being available easily at the desktop level, supply chain risk managers are now in an ideal position to bring in a cultural transformation towards adopting and implementing risk analysis as an integral part of business operations.

Key questions answered in this supply chain risk analysis study include:

risk analysisOur Findings:

A supply chain risk analysis model that aims to determine current real-world practices in supply chain risks implies a radical takeoff from conventional risk models. It expects organizations to redefine their risk management strategies and adopt a continuous risk assessment approach to detect supply-side risks, classify risks, and prioritize them to drive business value.

Discovering and employing a precise risk management strategy is the next big step towards accomplishing organizational goals. Moreover, supply chain risk analysis is a process, which not only emphasizes on the shortcomings in various segments of the supply network but also between the supply chain and the end-users. However, with supply chain risks becoming more complex and risk occurrence proving to be costlier, the importance of risk analysis will continue to increase.


To know more about our supply chain risk analysis engagement

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IR19

Supply Chain Risk Analysis: A Case Study on How We Helped a Leading Player in the Non Processed Foods Industry

Overview of the non processed foods sector

Typically, non processed foods include the food items that are unaltered and used in their natural state rather than processing them. A few examples of non processed foods include fresh fruits and vegetables. Although they are healthier options when compared to processed foods, it is essential to take certain precautionary measures to prevent food-related illness.

With rapid changes in lifestyle, people across the globe are increasingly turning toward healthier options that include the use of non processed foods in the diet. Also, the macro trend of clean eating is driving significant changes in the global food and beverage industry. Additionally, an increasing number of consumers now prefer consuming products that are healthier, request free proposalunprocessed, and organic.

The Business Challenge and Journey

A leading player in the food and beverage industry, dealing with the sale and production of non processed foods was looking at leveraging SpendEdge’s risk analysis solution to identify and prevent the losses occurring due to the risks in their supply chain.

The client was facing several issues related to their inefficient supply chain strategies. The company’s supply chain management executives recognized the tremendous benefits of implementing a supply chain risk analysis study. As such, they were looking at reducing the company’s risk profile by improving the efficiency of their overall supply chain operations.

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

Why should you leverage supply chain risk analysis?

Risk analysis helps companies identify the risks which are a possibility of any undesirable event that affects business processes. A typical risk analysis process starts with risk identification, risk assessment, risk management, and risk control and monitoring.

An adequate supply chain risk analysis solution aids businesses in developing a strategic action plan to identify and prevent losses occurring due to supply chain risks. The assessment process affects nearly every aspect of an enterprise including product development, R&D, demand and supply planning, manufacturing, delivery of goods, and customer returns. Moreover, the dynamic nature of supply chains across various industrial sectors has made supply chain risk analysis an essential component of enterprise risk management.

Fundamental questions answered in this supply chain risk analysis study include:

Non Processed Foods


The Result

SpendEdge’s supply chain risk analysis solution offered actionable insights that helped the client to devise a robust risk management strategy. The risk analysis solution also enabled the non processed foods industry client to identify the significant risk factors in their external and internal supply chain networks. It included demand risk, operational risk, supply risk, economic crises, labor issues, and changes in government regulations.

Moreover, our solution assisted the non processed foods manufacturer to achieve breakthrough improvements in their overall supply chain performance. Furthermore, it offered relevant insights to better understand the market scenario, supplier negotiation strategies, industry standards, and expectations.


Non processed foods market drivers:

Increasing adoption of the paleo diet– The paleo diet mainly focuses on the consumption of raw and unprocessed foods. Since there are a very few food products that focus on fresh and unprocessed foods, there are several growth opportunities for players in this sector.

Rise in the shift to a vegan lifestyle A vegan diet is based on the consumption of natural or raw ingredients that are plant-based. It is essential to maintain transparency in the usage of ingredients and across the supply chain to enhance customer satisfaction.

Growing demand for organic and natural ingredientsThe organic food industry will continue to grow owing to the high demand from the consumers across the globe. The consumers that adhere to an organic diet also tend to look for natural and non processed foods, thereby, leading to an increase in the overall demand.

As the global food and beverage market continues to grow, there’s an increase in new market opportunities for players in the non processed foods segment. Also, consumers across the globe prefer ethically sourced and non processed foods that are void of dangerous chemicals and other such factors that affect the end-users health. However, maintaining transparency in the supply chain is the key to achieving better returns.


To know more about our supply chain risk analysis solutions

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IR4

Leveraging Supply Chain Risk Analysis Solution for a Leading Integrated Circuit Manufacturing Company

Overview of the integrated circuit manufacturing space

An integrated circuit, or IC, is a semiconductor wafer with millions of capacitors, resistors, and transistors fabricated on them. It finds usage as an oscillator, amplifier, counter, timer, and microprocessor. Also, depending on the intended application an integrated circuit can be classified as an analog integrated circuit or digital integrated circuit.

Globally the integrated circuit industry is expected to witness accelerated growth in the coming years owing to the rise in the use of the analog IC’s in various end-use verticals such as consumer electronic devices, automotive utilities, LED lighting, healthcare devices, and driver assistance systems. Other factors such as technological proliferation in consumer electronics devices and request free proposalthe high penetration of smartphones, tablets, and feature phones have augmented the demand for such integrated circuit components.

The Business Challenge and Journey

The client, a leading player in the ICT industry, was looking at leveraging SpendEdge’s supply chain risk analysis solution to identify and prevent the losses occurring due to the risks in their supply chain. The client was facing several issues related to their inefficient supply chain strategies. The company’s supply chain management executives recognized the tremendous benefits of implementing a supply chain risk analysis study. As such, they were looking at reducing the company’s risk profile by improving the efficiency of their overall supply chain operations.

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

Why should you leverage supply chain risk analysis?

Implementing an effective supply chain risk assessment can help break down organizational silos. It also guides the management to develop a more strategic path to prevent disruption and avoid risks.
The assessment process affects nearly every aspect of an organization including product development, R&D, demand and supply planning, manufacturing, delivery of goods and customer returns. Moreover, the dynamic nature of supply chains across industries has made supply chain risk analysis an essential component of enterprise risk management.

Fundamental questions answered in this supply chain risk analysis study include:

Integrated Circuit


The Result

SpendEdge’s supply chain risk analysis solution offered relevant insights that helped the integrated circuit manufacturer to develop a robust risk management strategy.

Our solution also enabled the client to identify, adapt, and implement the best practices that produced the best performance results in the integrated circuit manufacturing sector. Moreover, the supply chain analysis solution enabled the client to achieve breakthrough improvements in their overall supply chain performance. Furthermore, it offered relevant insights to better understand the market scenario, supplier negotiation strategies, industry standards, and expectations.

Integrated circuit market drivers:

  • Automotive electronicsThe growing popularity of in-vehicle infotainment, assisted and autonomous driving features, and connectivity are expected to fuel the demand for automotive integrated circuit. Devices such as analog devices, mixed-signal devices, and MCUs will continue to represent the major share of automotive IC sales.
  • Smartphones and personal computing systemsSmartphones are the fastest-growing segment of the cellphone market. Also, the demand for 4G and 5G devices with virtual reality features will impact the sales of analog, digital signal processing devices, NAND flash memory, and logic integrated circuit devices.
  • Wearable electronic devicesThe increased use of semiconductors in wearable electronic devices such as health monitors and fitness trackers are significant contributors impacting the growth of the integrated circuit market.

The emergence of advanced fabrication and new product development techniques that decrease the costs per unit of the component while increasing their functionality are expected to drive the growth of integrated circuit market over the next decade. Also, the dynamic nature of this sector has further shortened the product life cycles; thereby, enhancing demand across industries.


To know more about our supply chain risk analysis solutions for the Integrated circuit manufacturing industry

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Supply Chain Risk Management Helps a Leading Food Manufacturing Company to Reduce Risks for its Ingredients Portfolio

Overview of the global food manufacturing industry

The global food manufacturing sector is enormous and comprises of large global players as well as national and regional organizations – many with well-recognized brands. Products range from crisps and confectionery to beverages and convenience foods. In several countries, the food manufacturing industry is a major contributor to the health of the national economy. In the same way, the sector is impacted by both the local economy, where it manufactures products, as well as by the global economy in terms of food logistics and imports and exports. Moreover, the shifts and changes in population size, regional economies, food consumption, and the food and beverage industry, in general, all have significant implications on food manufacturing.

However, a few factors are expected to hamper the growth of the global food manufacturing industry over the next few years. They include:

  • Meeting consumer demands: Challenges faced by food manufacturing firms pose a challenge while meeting the varying consumer demands. However, this needs to happen quickly and with costs kept to a minimum. Additionally, consumers change their behavior all the time and with new preferences and emerging fads dominating many buying decisions. This often happens, meaning that food manufacturing firms must develop products to meet these demands in ever-shorter time frames.
  • Healthier product options: Today, consumers want healthier products but without any compromises on the taste. As a result, food manufacturing firms are studying product labels more than ever before, to know precisely what is in the food they are consuming. This means that food manufacturing firms need to develop products with reduced or no salt, sugar, saturated and trans fats, and without compromising on flavor.

Several such factors are forcing food manufacturing firms to leverage the use of robust supply chain risk management solutions. Supply chain risk management solutions help companies in the food manufacturing space to create a competitive advantage. request free proposalThese solutions also help firms in the global food and beverage industry space to truncate their supply chain and improve: lead time, customer service, transportation risks, the risk associated with transportation and profitability, and order- fulfillment times.

The Business Challenge and Journey

Client background: A multinational food manufacturing company. They specialize in manufacturing convenience food products with facilities spread across 15 countries across the globe.

Client issue: The client sought processes/insights to identify its supply chain risks and develop strategies to mitigate them and ensure supply continuity. Additionally, the client recognized that there was no proper mechanism to identify any threat to supply continuity. The gravity of risk was realized when one of the single-source ingredient suppliers failed to clear the quality audit, which led to the use of last-gasp measures to ensure supply continuity through an alternative supplier approval process. This affected the products’ supply to the market.

The supply chain risk management experts at SpendEdge conducted a comprehensive research and carried out discussions with prominent stakeholders in the global food and beverage industry space to help the client reduce discrepancies across the supply chain.

Client journey: During the course of this supply chain risk management engagement, the food manufacturing client was provided with a mechanism for category managers to collaborate with cross-functional teams like R&D and Quality to work on risk mitigation plans. This helped insulate the client against unforeseen price risks through the development of alternative sources of supply.

Key questions answered in this supply chain risk management engagement

The Results

With the help of SpendEdge’s supply chain risk management solution, the food manufacturing client was able to identify ingredients with high supply risks and prioritize development of risk mitigation strategies. This helped them reduce the risk for its ingredients portfolio through measures such as supplier quality assurance, alternative supplier development, sourcing from alternative regions, and forex hedging and liaising with suppliers.

To know more about our supply chain risk management solutions

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IR33

Supply Chain Risk Analysis Solution Helps a Leading Facility Management Services Provider Devise an Effective Supply Chain Governance System

Overview of the Facility Management Services Industry:

The growth of the facility management services industry is expected to be fueled by the rapid developments in end-user industries, the need for a safe, comfortable, and professionally well-maintained environment. Additionally, the growth of MNC’s across emerging economies acts a major driver for the facility management services industry, mainly owing to their high awareness levels and willingness to invest in facility management services. Also, request free proposalthe recent boom in the end-user segments such as IT and BFSI are contributing to the growth of the global facility management services market.

The Business Challenge and Journey:

The client, a well-known facility management services provider, was looking at leveraging supply chain risk analysis solution. The client was facing several issues related to a decentralized supplier base as a result of rapid supply chain expansions. Also, the instability of their supply chain had increased their risks in conducting business operations, raising concerns on continuity of service delivery operations.

Moreover, the company’s supply chain management executives recognized the tremendous scope for adopting the best practices in supply chain risk analysis to minimize the impact of risks on profitability. As such, they were looking at reducing the company’s risk profile by implementing a centralized supply chain governance system. Supply chain risk analysis forms an essential part of a supply chain governance system to ensure risks are identified in the entire value chain and mitigated to deliver financial goals.

To identify challenges in the supply chain activities, the supply chain risk analysis 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.

Why should you leverage risk analysis?

A risk analysis engagement strives to address the risks proactively and well in advance. It also helps in optimizing the organization’s supply chain response to the occurrence of a risk. Supply chain risk analysis needs to be adopted as best practice for supply chain governance to minimize the impact on financial strategy and profitability. Moreover, an effective risk analysis solution stimulates supply chain best practices. Also, our supply chain risk analysis solution ensures that risk exposure is optimally minimized while the organization seeks the most significant rewards from its people, assets, capabilities, and resources.


Fundamental questions answered in this supply chain risk analysis study include:


The Result:

SpendEdge’s supply chain risk analysis solutions offered relevant insights that helped the client to develop robust risk mitigation strategies. It also assisted them in identifying the potential risks in the supply chain network and devise effective strategies to tackle them. Moreover, the supply chain risk analysis solution provided valuable insights that helped the client to identify risks associated with the day-to-day management of the supply chain. Also, it assisted the client in developing a centralized supply chain governance system to gain better control of their supply chain activities.

Supply chain risk analysis greatly improves the decision-making process of organizations, as decisions will be based not only on the expected outcomes but also rely on the mitigation strategies adopted to tackle such risks. While it is impossible to know the unknown, it is essential to focus on forecasting the likelihood of unlikely events and develop strategies to avoid them.


Factors impacting growth:

  • Increased demand for outsourcing and FM integration: There has been an increase in the outsourcing of facility management services across end-user sectors, with the majority of growth being contributed by the fast-developing Asia Pacific markets. Also, the rise in outsourcing facility management services goes hand in hand with the growing demand for integrated facility management systems.
  • Rise in international contracts: The increase in international agreements will further drive the popularity and demand for facility management services. It has also increased the demand for simplification and standardization of services rendered.
  • Economic and regulatory developments: Economic pressures arising from regulatory requirements and high competition is the main reason that has prompted companies to evaluate their overall business performance. As a consequence of higher scrutiny and tighter regulations, companies have started looking for partners that can deliver and manage facility services while taking on the associated risk.
  • Market demand for value-added services: Customers increasingly demand that facility management service providers should possess an intimate knowledge of the corporate mission, and the competency to address the company’s specific needs.

To know more about our supply chain risk analysis solution

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IR31

Supply Chain Analysis Helps A Leading Solar Energy Provider Save More Than $5 Million On Logistics Costs

Overview of the Solar Energy Industry

Solar energy is an efficient form of unconventional energy and a convenient renewable energy source to reduce greenhouse emissions and global warming.

Globally, the demand for solar energy is driven by an increase in environmental pollution and the provision of government incentives and tax rebates. Also, the decrease in water footprint associated with solar energy systems has fueled their demand in power generation sectors. Also, the demand for solar cells has increased drastically owing to a surge in rooftop installations, followed by an increase in applications in the architectural sector. Moreover, the demand for solar power towers and parabolic troughs for electricity generation is expected to fuel the demand for concentrated solar power systems.

However, our analysis of the latest trends affecting the renewable energy sector shows that the solar energy providers are facing challenges in terms of:

Oversupply: As solar energy installations began to grow across the globe, providers typically rush to produce materials and panels that are needed to generate renewable electricity. Even with record growth in the industry, the entry of new solar energy suppliers has created a situation of oversupply. Since the supply is so much higher than the demand, many of these companies have gone out of business.

Inefficiency: Although the cost of solar power has decreased over the years, it’s still an expensive investment, considering its inefficiency. This issue is mainly because most solar panels are stationary and can’t move to meet the sun’s direct rays.

To counter such challenges, renewable energy suppliers are optimizing their supply chain and cutting down on operating costs. With the aid of supply chain analysis, renewable energy suppliers can map out specific activities within the generic value chain activities and look for ways to create efficiencies. request free proposalSupply chain analysis also helps companies capture the competitive advantage and increases their overall profit.

The Business Challenge and Journey

Client background: The client is specializing in advanced solar technology and distributed solar power systems. They wanted to streamline supply chain and logistics operations and identify the best third-party logistics (3PL) provider to manage their growing logistics operations in Asia-Pacific.

Client issue: The client’s existing logistics process was complicated due to the presence of numerous entities at various stages of the supply chain. Also, the lack of a central control tower impacted coordination and time management. As a result, they wanted to reduce average logistics spend per project by 25% and increase customer satisfaction with the improved quality of service.

To help the solar energy provider identify the ideal logistics approach, the supply chain analysis experts at SpendEdge, conducted a comprehensive research and carried out discussions with prominent suppliers of solar energy. The experts also compiled information from a wide array of proprietary sources such as paid industry databases, company presentations, and industry forums to help the client find the right third-party logistics provider.

Client journey: During the course of this supply chain analysis engagement, the solar energy provider was able to identify the ideal logistics approach to select the right third-party logistics provider. Also, the client was able to devise a sophisticated, uniform reporting tool that allowed them to control the supply chain and reduce logistics spends.

Key questions answered in this supply chain analysis engagement

The Results

With the help of this supply chain analysis engagement, the client realized a reduction of about $5.5 million on its estimated spend of $25 million for logistics. The client not only achieved savings but also improved its policies and processes across business units.

To know more about how our supply chain analysis solutions can help renewable energy suppliers

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Request free proposal