How PESTLE Analysis Can Help Companies to Improve Delivery Time and Achieve Savings in Millions? | SpendEdge
LONDON--(BUSINESS WIRE)--Mar 6, 2019--SpendEdge, a well-known procurement intelligence solution provider, has announced the completion of their latest PESTLE analysis engagement study for a sportswear manufacturing company. The report highlights how various political, social, and economic factors can impact the growth of businesses. It also provides detailed insights on how conducting a PESTLE analysis can help companies to devise effective strategies and maintain a steady growth rate.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190306005292/en/
PESTLE analysis engagement study for a sportswear manufacturing company. (Graphic: Business Wire)
The rapidly evolving political, economic, social, and technological scenarios have compelled companies across the globe to conduct a comprehensive PESTLE analysis before implementing any business strategy. It helps companies to identify and respond to the changes in the macro environment and differentiate themselves from the competition. If conducted in regular stages, PESTLE analysis can play a decisive role in determining sourcing opportunities and reducing excess spend for companies.
According to the procurement experts at SpendEdge, “Companies must regularly conduct PESTLE analysis before implementing any tactical plan to maintain steady growth rate and gain a competitive edge in the market.”
The Business Problem: Despite being one of the leading sportswear manufacturing companies in Europe, the client was facing difficulties in managing risks and changes in political policies. These changes were negatively impacting their revenues and delaying the delivery of their products in the market. This compelled the client to leverage SpendEdge’s expertise and analyze the factors affecting the growth of their business. Additionally, they wanted detailed insights on the tax system and strategies needed to promote their products in Islamic countries.
Want to know how changing socio-economic policies can impact the growth of your business? Talk to our experts today!
The Solution Offered: The procurement experts at SpendEdge conducted in-depth research and developed a PESTLE analysis template that gave a detailed analysis of the socio-economic factors impacting their business. This helped the sportswear manufacturing company to analyze the capabilities of the suppliers and boost their sourcing process. The enhanced sourcing process improved the company’s delivery system and provided vital insights on factors such as inflation, per-capita income, and taxation.
Are you planning to enter a new market? Request a free proposal and know how our experts can help you with the vital information on the tax system required for the expansion of your business.
SpendEdge’s PESTLE analysis engagement helped the client to:
- Obtain an annual savings of over $6 million.
- Improve delivery time and brand image.
- Want to know how implementing procurement best practices can help your organization reduce sourcing costs? Request a free demo now!
SpendEdge’s PESTLE analysis engagement also offered predictive insights on:
- Determining the purchasing habits of customers.
- Analyzing the potential in Islamic countries.
- Read the complete article to know more: https://www.spendedge.com/casestudy/pestle-analysis-helped-sportswear-manufacturer-manage-risks-achieve-savings-6-million
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. Request free proposal to know more,https://www.spendedge.com/request-free-proposal
View source version on businesswire.com:https://www.businesswire.com/news/home/20190306005292/en/
US: +1 630 984 7340
UK: +44 148 459 9299
INDUSTRY KEYWORD: GENERAL SPORTS MANUFACTURING TEXTILES SPORTS
Copyright Business Wire 2019.
PUB: 03/06/2019 09:25 AM/DISC: 03/06/2019 09:25 AM