LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement intelligence advisory firm, has announced the release of their new ’strategic sourcing analysis study on the specialty chemicals industry’. A renowned player in specialty chemicals manufacturing space wanted to identify the right vendors and reduce procurement spends. The client was also interested in balancing their focus on strategic and the transactional aspects of procurement with an aim to achieve long-term profitability. Moreover, the specialty chemicals manufacturing client was on the lookout for innovative approaches to incentivize their channel partners.
According to the procurement analysts at SpendEdge, “Leading firms across geographies are focusing on realigning their offerings to improve competencies and generate higher revenues owing to the increase in the number of M&A across the specialty chemicals space.”
In the specialty chemicals industry, leading companies are looking at leveraging the use of strategic sourcing analysis solutions to improve their overall procurement process. Our strategic sourcing analysis solutions help players in the specialty chemicals manufacturing space to identify and achieve procure to pay (P2P) improvements, which eventually drive financial and product availability benefits.
Request a free proposal to see how SpendEdge’s procurement solutions can help you.
The strategic sourcing analysis solutions offered by the experts at SpendEdge helped the specialty chemicals manufacturing client develop automation technologies that assist in streamlining the sourcing process. The solutions provided also helped the client in improving the operational efficiency due to the ease of use and a single view of all procurement activities.
The strategic sourcing analysis solutions offered benefits that helped the client to:
- Reduce the time and energy spent on transactional activities
- Gain insights into the long-term price validity coupled with the clauses to absorb currency fluctuations
To know more, read the complete strategic sourcing analysis case study here: https://www.spendedge.com/casestudy/specialty-chemicals-industry-strategic-sourcing-analysis
Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day trial now.
SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.