SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their new case study on the different types of procurement risks. This case study is now available for free download and will help you understand how the experts at SpendEdge helped the client to reduce additional costs for re-tendering and streamlining delivery schedules.
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Analyzing different types of procurement risks for a Fortune 500 multinational conglomerate. (Graphic: Business Wire)
The study also offers a comprehensive overview of how SpendEdge formulated risk mitigation strategies for the client and helped them to impede the impact of supply chain risks.
Project background
The company wanted to fabricate corporate strategies that would help them to reduce costs, expand capacity, and operational efficiencies. However, their inability to develop quality products due to poor supplier performance was posing challenges, especially in terms of competitiveness.
- Objective 1: The company was looking forward to combining old and new manufacturing units by introducing new technology and machinery.
- Objective 2: They were also interested instreamlining operations spread in different countries by analyzing and eliminating disruptions occurring in the supply chain.
- To know more about this engagement and its outcome, download the complete article here.
"Analyzing different types of procurement risks is imperative for companies to conduct risk assessment pertaining to demand and supply side and devise effective risk mitigation strategies," says a procurement expert from SpendEdge.
Want to gain better insights? Request a free demo and know how our solutions can help you analyze different types of procurement risks and develop capabilities to address them.
Key findings and solutions offered
In association with SpendEdge, the client a leading multinational conglomerate - formulated strategies required for determining suppliers' financial stability and detecting possible irregularities in the company. The solution offered helped them to:
- Determine risks associated with the supply chain and take proactive measures to address them.
- Reduce the possibilities of frauds and corruption in the business.
- Analyze the performance of key suppliers and their impact on the business.
- Enhance the reputation of the brand.
- Wondering how you can avail all such benefits? Request a free proposal and access our complete portfolio of procurement market intelligence solutions today!
Outcome: The procurement experts at SpendEdge helped the client to obtain appropriate approvals before undertaking projects in different countries and guided them in proactively addressing compliance risks. This reduced their excess spend on re-tendering, significantly. The solution offered also helped the client to delivery schedules and address probity issues.
To access the complete case study on how our experts helped a multinational conglomerate, download the complete article here.
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.
Request free proposal to know more, https://www.spendedge.com/request-free-proposal
View source version on businesswire.com: https://www.businesswire.com/news/home/20190424005717/en/
Contacts:
SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630 984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us
