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Improving Business Efficiency by 20% for a Gourmet Food Store: SpendEdge’s New Cost Analysis Engagement

November 29, 2018

LONDON--(BUSINESS WIRE)--Nov 29, 2018--SpendEdge, a well-known procurement intelligence solution provider, has announced the completion of their . The client is a leading player in the gourmet food industry, specializing in the manufacture of freshly made and prepared foods, marinates, and home meal solutions. Based out of Boston, Massachusetts, the client generates an annual revenue of over USD 20 billion. With the rising popularity of ready-to-eat meal solutions and customers becoming more focused towards health and wellness, the client realized the need to leverage a cost analysis template to make minor tweaks in their investment plans to drive maximum savings. Additionally, they were looking to employ procurement best methods and capabilities to cut down their maverick spends across the supply chain.

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Cost analysis study for a food industry client (Graphic: Business Wire)

Understanding a supplier’s cost structure is crucial in deciding whether they are a good fit for your firm, as well as whether they are giving you a good deal. A supplier cost analysis template allows businesses to entirely consider the financial impact that a distinct supplier will have on their business.

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

According to the procurement experts at SpendEdge, “ Selecting an appropriate supplier can be a huge challenge to businesses across industries, but this can be managed through the process of supplier cost analysis. ”

The cost analysis solution offered by SpendEdge’s experts helped the client to gain a comprehensive image of the cost developments within the food industry space. This helped them execute new sourcing strategies and devise best practices across business units. This subsequently helped the gourmet industry client to make an accurate investment decision. Moreover, the client was able to make minor tweaks in their investment plans and improve business efficiency by 20%.

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

SpendEdge’s cost analysis strategies helped the client to:

Gain relevant insights into buyers’ behavior Devise best investment practices across business units To know more about the cost analysis strategies followed by different firms,

The cost analysis engagement also offered predictive insights on:

Streamlining supply chain functions and strengthening supplier relationships Enhancing overall operational efficiency over time Read the complete article to know more:

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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/20181129005302/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: PROFESSIONAL SERVICES CONSULTING RETAIL FOOD/BEVERAGE

SOURCE: SpendEdge

Copyright Business Wire 2018.

PUB: 11/29/2018 09:03 AM/DISC: 11/29/2018 09:03 AM

http://www.businesswire.com/news/home/20181129005302/en

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