LONDON--(BUSINESS WIRE)--Leading global procurement intelligence advisory firm, SpendEdge, has announced the completion of their latest assessment, a category management study for a global engineering service provider. The primary objective of this analysis was to help the client gain a comprehensive understanding of category management strategies and understand specific market trends, drivers, challenges, and supplier engagement models.
“Our team of category management experts followed a blended research methodology consisting or primary and secondary research, followed by a discussion with category experts about a detailed overview of the current category sourcing and procurement strategies,” said SpendEdge.
Through assessment of their current spend practices and improvement areas, the client was able to fully understand category market insights, market size and segmentation, and cost saving opportunities in just five weeks. Additionally, the study helped the client with supplier negotiations and successful implementation of category management strategies for vital spend areas.
View additional research: Category management strategies
Some of the key solutions provided in this assessment include:
- Category plan development
- Indirect sourcing roadmap
- RFP and negotiation support
- Cost-benefit analysis
SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred market intelligence partner for Fortune 500 firms and other leading companies across industries. Our strength lies in delivering actionable insights that help sourcing and procurement professionals get the right information in the right format, without any unnecessary frills.
Our procurement market intelligence coverage extends across critical processes of sourcing strategy planning process and helps clients achieve more than mere monetary savings. Our procurement insights are well-defined to meet the information needs of the procurement organizations and are aimed at helping category managers extract hidden values out of sourcing teams, suppliers, contracts, and processes.