WEBINARS

Webinar by SpendEdge on Cost Modeling and Deal Benchmarking: Best Rescue for Procurement Organizations

Sep 30, 2022

We hosted a webinar on Cost Modeling and Deal Benchmarking: Best Rescue for Procurement Organizations on Wednesday, September 28 and Thursday, September 29, 2022.

Inflation had started to ease in July but it is still close to a multi-decade high and the North American and EMEA markets are witnessing soaring inflation over the past two quarters. Category managers get constant requests from suppliers on price increases amid high market fluctuations and face challenges in making informed decisions against the right deal sizes. These have had major implications on the overall procurement spend for the organization. The benefits of cost modeling and deal benchmarking is evident for category managers to be able to make great decisions through proper assessment of markets/categories that are susceptible to market fluctuations.

Why should category managers bother?

SpendEdge’s webinar is aimed at understanding many things at the category manager level, as rapid market fluctuations and price rises keep on presenting new challenges – as well as fresh opportunities. Essentially, managers responsible for specific product categories need to know what’s working and what isn’t in a market scenario type casted by sharp price movements. And that would mean, in the near future, procurement decisions will have to be necessarily made based on hard data and numbers.

Cost modelling and deal benchmarking to the rescue

Cost modeling and deal benchmarking tools can help you get the metrics you need to understand the economics behind the creation of a product, so you can easily work out cost-effective prices and winning procurement deals. True, cost modelling and deal benchmarking have been around for decades, but they haven’t got the attention they deserve except from some top-end manufacturing organizations. With some more awareness and understanding, you too can leverage these tools to raise your profile in the procurement arena and post significant wins.     

Speakers

George Mathew is an integral part of the market intelligence team at Infiniti Research. An MBA in finance, George has 10+ years of hands-on experience in quantitative and qualitative market assessment, growth forecasting, competitor intelligence, category benchmarking, as well as supplier analysis and benchmarking. He is a much sought-after webinar speaker and provides a ringside view of sectors like pharmaceuticals, CPG & FMCG, energy, and automotive.

Mohana Ilavarasan is a key member of the sourcing team at Infiniti Research. Mohana holds an MBA degree in finance and has more than 5 years of experience in delivering custom market intelligence to decision-makers in sourcing and procurement. He has a string of projects to his credit, covering industry benchmarking, cost modeling, rate card benchmarking, negotiation advisory, and supplier intelligence. His expertise spans multiple sectors like pharmaceutical, F&B, industrial and manufacturing, oil & gas, and utilities.

To get all the scoop on the benefits of cost modeling and deal benchmarking on your procurement strategies, please watch our webinar:

What are the uses of cost modeling and deal benchmarking in the current inflationary and volatile market?

Key takeaways from the webinar:

  • The impact of inflation and supply disruptions on the companies
  • The importance of cost modeling and deal benchmarking in making research-driven business decisions

Recent Webinars

Industries

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

Infiniti Research, Inc. BBB Business Review

Better Business Bureau

Transitioning your category procurement strategy beyond cost-saving and into a strategic function of the organization.

Procurement Trends to Implement in 2023 – Insights by SpendEdge

Procurement Trends to Implement in 2023 – Insights by SpendEdge

Over recent years, there have been various industry developments that served as or caused trends in procurement. These procurement trends include technology changes, novel strategic approaches, new processes, and necessary adaptations to change. As supply chains become increasingly complex, procurement has become highly crucial and influential in the production process and continues to grow.

read more
Key and Effective Procurement Strategies in the Pharma Industry | SpendEdge

Key and Effective Procurement Strategies in the Pharma Industry | SpendEdge

Technology, procurement, sourcing, and innovation have transformed industry significantly, and companies are struggling to keep pace with the new expectations, standards, and stipulations within the market. As the pharmaceutical industry continues to rapidly grow, companies must leverage sustainable, data-driven, and robust procurement strategies to overcome risks, optimize supplier performance, reduce costs, and increase efficiency. SpendEdge helps businesses develop and leverage unparalleled procurement strategies to gain and maintain a competitive edge, high profitability, increasing efficiency, and reduced costs.

read more

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars
Request Free Proposal