LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement intelligence advisory firm, has announced the release of their new ’supply chain risk analysis study on the luxury products industry’. A renowned player in the luxury products market space wanted to gain enhanced visibility into the supply chain process and identify loopholes to improve the overall operational efficiency. The client was also looking at seeking ways to identify the key performance indicators in their supply chain process. Additionally, the luxury products manufacturer also wanted to increase product quality and save logistics costs.
According to the procurement experts at SpendEdge, “Rapidly changing lifestyles and relentless growth in luxury shoppers, have provoked organizations in the luxury products manufacturing space to plan and optimize their range and prices to ensure the balanced growth for both local and international markets.”
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The solutions offered by the supply chain risk analysis experts at SpendEdge helped the luxury products manufacturing client to devise a robust risk mitigation strategy through efficient utilization of resources. Moreover, our solutions assisted the client in reducing procurement costs while conforming to the procurement standards set forth by the company. Also, this enabled the luxury products manufacturer to evaluate the impact of the risks on their business.
The supply chain risk analysis solutions provided benefits that helped the client to:
- Reduce the cost and the time duration to deliver the products
- Profile the risks based on the severity and develop ways to mitigate them
- To know more, view the detailed supply chain risk analysis case study here: https://www.spendedge.com/casestudy/luxury-products-supply-chain
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