Opportunity Assessment Solution Helped a Leading Multinational Beauty Products Company Identify Opportunities for Growth | Get in Touch with SpendEdge’s Experts for Incisive Insights

LONDON--(BUSINESS WIRE)--SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest success story on identifying major growth opportunities for a multinational beauty products company by performing opportunity assessment.

Project background

The company wanted to analyze opportunities for growth prior to expanding its offerings. The key objectives of the engagement are mentioned below.

• Objective 1: The company wanted to expand its skincare product range in the European region to gain a competitive edge in the market.
• Objective 2: They also wanted to understand existing spend dimensions and validate their business requirements.
• Looking for comprehensive insights? Request a free demo to gain actionable insights to reap the benefits of our opportunity assessment solution.

“Despite achieving significant growth, companies in the cosmetics market must conduct a formal opportunity assessment to boost ROI and compete with other multinational corporations,” says a procurement expert from SpendEdge.

Key findings and solutions offered

In collaboration with SpendEdge, the client – a global beauty products company – devised a road map for expansion in the European region. The solution offered helped them to:

• Understand supply market drivers and expand their presence in the desired categories.
• Increase revenue by €20 million in the first six months.
• Are you looking for insights to identify revenue-generating opportunities by improving the procurement process? Request a free proposal to access our customized solutions today!

Outcome: SpendEdge's opportunity assessment solution analyzed the overall performance of the client’s procurement function in the European region. It covered the analysis of over 20 supply markets and existing spend dimensions. The solution offered thus helped the client to understand the market from both suppliers’ and customers’ perspective and better plan for business expansion. This helped the organization to drive early value and boost ROI.

To access the complete case study on how we helped a global beauty products company to identify opportunities for growth and boost ROI, read the complete case study here!

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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.

To gain more information, https://www.spendedge.com/get-more-info