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Know How Cost Down Improvement Initiatives are Enabling Companies to Improve Spend Visibility and Achieving Significant Savings | SpendEdge

May 28, 2019
Category management study for a medical devices company. (Graphic: Business Wire)
Category management study for a medical devices company. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--May 28, 2019--

SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their category management study for a medical devices company.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190528005612/en/

Category management study for a medical devices company. (Graphic: Business Wire)

Project background

The company wanted to increase the incremental value of the organization by enhancing the category management process. The key objectives they aimed to achieve through this engagement are mentioned below.

“A robust category management system is a must for companies to integrate innovations, streamline operations, and reduce costs to survive in the medical devices market,” says a procurement expert from SpendEdge.

Key findings and solutions offered

In partnership with SpendEdge, the client – a medical devices company – implemented cost down improvement initiatives and achieved high-profit margins. The solution offered helped them to:

Outcome: The 8 step category management process implemented by the SpendEdge’s experts helped the medical devices company to obtain in-depth insights into the demand structure for goods and services. This enabled them to improve supplier performance management and deliver the lowest long term cost structure. The solution offered further helped the client to improvise category management process and gain incremental cost reduction of 2-3% apart from achieving savings of over 17% in a year.

To access the complete case study on how we helped a medical devices company to achieve savings of over 17% in a year and sustain it in the coming financial year, get in touch with our experts here!

About SpendEdge:

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.

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/20190528005612/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: HEALTH MEDICAL DEVICES

SOURCE: SpendEdge

Copyright Business Wire 2019.

PUB: 05/28/2019 12:09 PM/DISC: 05/28/2019 12:10 PM

http://www.businesswire.com/news/home/20190528005612/en

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