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Developing better sourcing strategies and achieving annual savings of $15 million for a manufacturing industry firm - SpendEdge’s supply market intelligence engagement

January 2, 2019

LONDON--(BUSINESS WIRE)--Jan 2, 2019--SpendEdge, a well-known procurement intelligence solution provider, has announced the completion of their latest . The client is one of the world’s foremost manufacturing industry companies. With increasing competition and evolving customer preferences in the manufacturing market, the client realized the need to leverage a supply market intelligence engagement to build a robust and automated procurement approach to enhance integration with the suppliers and manage indirect spend across the supply chain. Moreover, the manufacturing industry client wanted to migrate from their current multiple stage procurement process to a robust and automated procurement approach.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190102005269/en/

Supply market intelligence engagement for a manufacturing industry client (Graphic: Business Wire)

and see for yourself why we’re the preferred sourcing and procurement partner for leading Fortune 500 companies.

According to the procurement experts at SpendEdge, “Supply market intelligence engagement helps enhance productivity and achieve tighter control and compliance across the supply chain.”

With the help of SpendEdge’s supply market intelligence solution, the manufacturing industry client achieved tighter control and compliance across their business units, obtained better visibility on corporate spend across suppliers and subsequently improved their overall capability and productivity. In a broader sense, the client gained a more comprehensive knowledge of the supply market and achieved its goal of supplier diversification to address the increasing importance of emerging markets. This subsequently helped the client cut down direct and indirect costs and altogether helped the manufacturing industry company develop better sourcing strategies, enhance market share, improve ROI, and achieve an annual cost savings of $15 million.

To know more about the complete scope of this engagement and the real benefits of supply market intelligence engagement for businesses,

SpendEdge’s supply market intelligence engagement helped the client to:

Enhance integration with their suppliers and manage indirect spend across the supply chain Gain detailed insights into supply and demand fluctuations in the market To know more about the supply market intelligence strategies followed by different firms,

The supply market intelligence engagement also offered predictive insights on:

Conducting a detailed analysis of the supply market and developing a precise commodity profile Gaining in-depth insights into the suppliers’ segments and the cost of commodities Read the complete article to know more:

Are you interested in purchasing procurement reports? Our subscription platform, , provides ready-to-use procurement market research reports for multiple categories. Now access latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. .

About SpendEdge:

shares 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. To know more,

View source version on businesswire.com:https://www.businesswire.com/news/home/20190102005269/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

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

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TRANSPORT MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT OTHER MANUFACTURING PROFESSIONAL SERVICES CONSULTING

SOURCE: SpendEdge

Copyright Business Wire 2019.

PUB: 01/02/2019 07:59 AM/DISC: 01/02/2019 07:59 AM

http://www.businesswire.com/news/home/20190102005269/en

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