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Improving the Cash-Flow and Achieving Over $80 Million in Revenues for a Food Company | SpendEdge’s Latest Success Story

September 12, 2019

LONDON--(BUSINESS WIRE)--Sep 12, 2019--

SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest success story on developing a consumer-oriented category management strategy and how SpendEdge’s solutions helped a food manufacturer achieve savings of over $80 million.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190912005527/en/

Engagement background

The company wanted to develop product supply categories to identify additional growth opportunities. The key objectives they aimed to achieve through this engagement are mentioned below:

Food companies in North America must identify ways to reduce costs while maintaining competitive differentiation to address increasing pressure on business models,”says Srinivas R, Procurement Manager at SpendEdge.

Want to identify ways to reduce costs while ensuring the efficiency of processes?Get in touch with our experts today!

Key findings and solutions offered

In collaboration with SpendEdge, the client – a North American food company – obtained category-specific insights and developed a better understanding of customers’ needs. The solution offered helped them to:

Outcome: SpendEdge’s customized category management strategy helped the food company to create synergies across departments to improve both consumer value and business results. It enabled them to implement activity-based cost method and better manage costs with minimal resources. The comprehensive insights offered by our experts helped the client to strengthen the relationship with suppliers and streamline their marketing and product supply strategies. This helped them improve category sales, improve the cash-flows, and achieve over $80 million in revenues.

To gain detailed insights into the category management solution offered by our experts to the food company,request more information.

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About SpendEdge:

SpendEdgeshares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.

Want to gain detailed insights?We’re here to help you out! Tell us more about your business challenges.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190912005527/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL

SOURCE: SpendEdge

Copyright Business Wire 2019.

PUB: 09/12/2019 08:47 AM/DISC: 09/12/2019 08:47 AM

http://www.businesswire.com/news/home/20190912005527/en

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