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Achieving Annual Savings of $15 Million by Leveraging SpendEdge’s Supply Market Analysis - Latest Engagement Summary on the Metal Manufacturing Industry

November 26, 2018

LONDON--(BUSINESS WIRE)--Nov 26, 2018--SpendEdge, a well-known procurement intelligence solution provider, has announced the completion of their latest . The client is a renowned metal manufacturing company in the US with 133 manufacturing facilities, 24 service centers, and 48 metal mart locations. With the fluctuating prices of aluminum and steel, transportation dilemmas, shortage of skilled laborers, and raw material deficiencies, the client wanted to leverage supply market analysis to manage their sourcing and procurement processes and minimize their direct and indirect spends.

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Supply market analysis study for a manufacturing industry client. (Graphic: Business Wire)

Supply market analysis assists procurement planning and on-going management of supply orders by identifying the structure of the market, supply chain, hurdles to market entry, environmental factors, ethical considerations, and the buyer’s value in the market. Moreover, an in-depth study of the market helps businesses overcome risks and make the right sourcing decisions.

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

According to the procurement experts at SpendEdge, ” Understanding your organization’s supply markets is an integral part of developing an effective procurement strategy. The approach was designed to position supplier relations as a core business strength. ”

The supply market analysis solution offered by SpendEdge’s experts helped the client gain a comprehensive understanding of the competitors, their products, suppliers, services, and spending patterns prevalent in the industry. This helped them obtain a deeper understanding of the supply market and further helped the client outline the competitive forces influencing the market. Moreover, with the aid of our supply market analysis solution, the metal manufacturing industry firm achieved an annual savings of $15 million.

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

SpendEdge’s supply market strategies helped the client to:

Gain better visibility into the procurement process Explore the future possibilities in the supply market To know more about the spend analysis strategies followed by different firms,

The engagement also offered predictive insights on:

Shortlisting the key risks affecting the market space and use the procurement best practices to remove the bottlenecks and improve service efficiency. Gaining deep-dive insights into the growth drivers and allocate their resources to meet the business requirements. Read the complete article to know more:

Are you interested in purchasing procurement reports? Our subscription platform, , provides ready-to-use procurement 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/20181126005490/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: MANUFACTURING OTHER MANUFACTURING

SOURCE: SpendEdge

Copyright Business Wire 2018.

PUB: 11/26/2018 10:00 AM/DISC: 11/26/2018 10:01 AM

http://www.businesswire.com/news/home/20181126005490/en

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