Rising supplier prices and supply failures are key concerns for businesses. We have the supply-side intelligence you need to shortlist vendors in global markets based on pricing, compliance, and financial stability.
Stay ahead of price risks by developing future contracts when working in foreign currencies. We can help you make profits from volatile markets using future contracts as risk mitigation instruments.
Since our experts are grounded in the social, economic, cultural, and political backdrops of various country markets, they can help you choose sourcing destinations that closely match your business profile.
Currency fluctuations have an upfront impact on sourcing costs
Unfavorable and irregular movement of exchange rates can upend supply chains. So, managing this risk is critical for globalized businesses.
There are ways global firms can beat currency fluctuations
The impact of exchange rate fluctuation cannot be eliminated altogether, but it must be tamed. Else, it can adversely affect sourcing costs. Our sourcing experts can help you step up the use of hedging and forward contracts to limit your risks by locking in exchange rates when dealing in various currencies.
Currency fluctuations have an upfront impact on sourcing costs
Many country markets are in a state of flux, and hard-pressed CPOs have sparse bandwidth to track these changes.
Staying on top of country market trends pays
Conversely, being impervious to the changes in politico-economic tracks of country markets can cost businesses on the sourcing front. Language could stand in the way of supplier relationships. It can be a bumpy rollercoaster ride, but our experts can make it a pleasant cruise with their deep understanding of these markets.
Regulatory non-compliance by suppliers has consequences
Failure to meet regulatory standards could expose a supplier to hefty penalties, and this might have a knock-on effect on business partners.
Keeping abreast of the law in each country is a bare necessity
Ignorance of the law is never a good excuse. In-depth knowledge of the government, legal, and regulatory framework in every country you operate in will always ensure your suppliers’ strictest compliance with prevailing rules. Our “Top Countries Sourcing” know-how goes further to keep your suppliers one step ahead of ever-changing regulations.
Data is everywhere, but just where is actionable data? SE Insights means instant access to 800+ categories, so you can unlock deep intelligence about your products and your competitors’.
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Supplier data points are all over the Internet, leaving users confused. With BizVibe, your business can enjoy instant access to millions of relevant supplier profiles and shortlist the best ones.
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In the face of price volatilities, making data-driven decisions is turning problematic. COMET, our commodity price tracking tool, comes to the rescue by alerting you to commodity price changes as they happen.
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Fines and reputational losses arising out of unplanned supply outages are nothing short of damning! D-Risk keeps supplier issues at bay by generating risk scores for all your top vendors.
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Making procurement decisions without factoring in events from across industries is a recipe for disaster. Enter Mega Trends, a tool that keeps you posted on key trends from multiple industries.
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Businesses are increasingly seeing premium country market intelligence as a guardrail to keep their goods and services on track. Learn how to futureproof your supply chain with SpendEdge’s procurement insights.
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Challenge: Faced with intense competition and the need to improve profit margins, our client turned to SpendEdge for assistance in overcoming their business challenges. One of the main strategies involved migrating cost-intensive operations to low-cost destinations.
Solution: Our team at SpendEdge assisted the client in streamlining their contract manufacturer selection process. Leveraging our expertise and market research methodology, we identified key contract manufacturers for the client’s ready-to-eat product line.
Result: The client successfully addressed their business challenges and achieved improved profit margins and reduced operating costs. All the while, also enhancing product quality and expanding manufacturing capabilities.
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