AP NEWS

Leveraging Spend Analysis Strategies to Gain Superior Business Outcomes - SpendEdge’s Latest Engagement Summary on the Automotive Industry

November 9, 2018

LONDON--(BUSINESS WIRE)--Nov 9, 2018--SpendEdge, a well-known procurement intelligence solution provider, has announced the completion of their latest . The client is a leading producer and supplier of automotive systems for leading automobile manufacturers across the globe, with annual revenue of over US$ 30 billion. With the rise in the demand for automobile products from emerging economies, the client was looking to gain superior business outcomes by implementing an efficient processing platform to improve their spend capabilities. Moreover, they wanted to gain granular insights into current spending trends by analysing the data of industry peers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181109005370/en/

Spend analysis study for an automotive industry firm (Graphic: Business Wire)

In today’s economy, spend analysis is regarded as a potent weapon in the battle to squeeze new profits out of the procurement processes. Spend analysis empowers organizations to decrease inventory, increase sourcing cycle time, and assists in long-term planning and economic forecasting. It also presents a realistic picture of future spend requirements based on the forecasted data.

see for yourself why we’re the preferred partner for leading Fortune 500 companies when it comes to spend analysis and procurement intelligence.

According to the procurement experts at SpendEdge, “Spend analysis solutions helps organizations identify potential opportunities and manage organizational spend.”

The spend analysis solution offered by SpendEdge’s experts helped the client assess the spend patterns of the industry leaders. This helped them to benchmark their performance against those of the competitors. This subsequently helped them reduce supply chain risks and establish their presence in the automotive industry. Additionally, the spend analysis strategy allowed the automotive industry firm to increase their spend management capabilities, which, in turn, helped them drive savings.

To know more about the complete scope of this engagement and the real benefits of spend analysis for businesses,

SpendEdge’s spend analysis strategies helped the client to:

• Gain higher returns and superior business outcomes

• Get best performance results in terms of savings, cost efficiency, and process efficiency

• To know more about the spend analysis strategies followed by different firms,

The engagement also offered predictive insights on:

Streamlining supply chain activities and developing a good foundation for the future Improving compliance, reducing cycle times, and uncovered unusual spend 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/20181109005370/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: SUPPLY CHAIN MANAGEMENT MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE RETAIL RESEARCH GENERAL AUTOMOTIVE SCIENCE

SOURCE: SpendEdge

Copyright Business Wire 2018.

PUB: 11/09/2018 10:33 AM/DISC: 11/09/2018 10:32 AM

http://www.businesswire.com/news/home/20181109005370/en

AP RADIO
Update hourly