LONDON--(BUSINESS WIRE)--SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest industry benchmarking study for an auto parts manufacturer.
The company wanted to assess peer group companies, their key suppliers, and sourcing and procurement practices. The key objectives of the engagement are mentioned below.
- Objective 1: The company wanted to implement best-in-class sourcing and procurement strategies to cut down costs across the supply chain.
- Objective 2: They also wanted recommendations on superior approaches to innovation to gain a stronger foothold in the auto parts marketspace.
- Interested in gaining comprehensive insights? Request a free demo to gain actionable insights to leverage the benefits of industry best practices study.
“Auto parts manufacturing companies must conduct industry best practices benchmarking study to devise required skill sets and establish themselves in this market space,” says a procurement expert from SpendEdge.
Key findings and solutions offered
In collaboration with SpendEdge, the client – an auto parts manufacturing firm – developed a scalable, lean, and best-in-class sourcing and procurement strategy. The solution offered helped them to:
- Minimize costs across the supply chain.
- Eliminate inefficient and unproductive processes across platforms.
- Are you looking for insights to devise an effective sourcing and procurement strategy? Request a free proposal to access our customized solutions today!
Outcome: The blended research methodology followed by SpendEdge to perform industry benchmarking study helped the client to identify the competitor group companies and their key suppliers operating in the market space. This helped the client to better understand their procurement strategies. The insights offered further helped the client to adopt superior approaches towards innovation.
To access the complete case study on how we helped an auto parts manufacturer to devise superior procurement strategies and gain a competitive edge in the market, read the complete case study here!
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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