Optimizing Sourcing Decisions and Enhancing Savings for an OEM Parts Manufacturer With SpendEdge's Cost Benefit Analysis

LONDON — (BUSINESS WIRE) — December 10, 2018 — SpendEdge, a well-known procurement intelligence solution provider, has announced the completion of their cost benefit analysis study for a manufacturing industry firm. The client is a leading OEM parts manufacturer with operations spread across Europe, North America, Russia, and South Africa. With industry dynamism and acquisitions resulting in a fragmented supply base and losses, the client realized the need to leverage a cost benefit analysis strategy to devise the most cost-effective blend of countermeasures to tackle the challenges in the market.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181210005412/en/

Cost benefit analysis study for a manufacturing industry firm (Graphic: Business Wire)

Cost benefit analysis study for a manufacturing industry firm (Graphic: Business Wire)

It is imperative for financial services providers to analyze cost and inventories in today’s competitive scenario. Moreover, as businesses grow, their sourcing needs become more compact, making it a necessity to analyze delivery times, maverick spends, and cost elements across the supply chain. Cost benefit analysis helps firms make the best use of the suppliers and their capabilities.

Request a free demo and see for yourself why we’re the preferred sourcing and procurement partner for leading Fortune 500 companies.

According to the procurement experts at SpendEdge, “In any manufacturing segment, cost benefit analysis is advantageous, simply because they simplify complex business decisions."

With the help of SpendEdge's cost benefit analysis strategy, the OEM parts manufacturer was able to evaluate the strengths and weaknesses related to organizational spend. This helped them uncover major opportunities for improving their sourcing strategies by regulating their indirect and direct spend. This subsequently offered the client with a realistic assessment of the spend management capabilities of the OEM parts companies. Additionally, the cost benefit analysis helped them optimize their spend management capabilities and develop superior negotiation strategies.

To know more about the complete scope of this engagement and the real benefits of cost benefit analysis for businesses, request a proposal

SpendEdge’s cost benefit analysis engagement helped the client to:

  • Reduce costs associated with supply chain activities by comprehending the cost structure at various organizational levels
  • Identify the appropriate cost model for effective price forecasting
  • To know more about the cost benefit analysis strategies followed by different firms, Talk to an analyst

The cost benefit analysis engagement also offered predictive insights on:

Are you interested in purchasing procurement reports? Our subscription platform, SpendEdge Insights, provides ready-to-use procurement market research reports for multiple categories. Now access latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 7-day FREE trial now .

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 know more, https://www.spendedge.com/request-free-proposal



Contact:

SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630 984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us




Review Article Be the first to review this article
Featured Video
Editorial
Latest Blog Posts
Joseph LopezPROSTEP INC Blog
by Joseph Lopez
OpenPDM MIGRATE supports Windchill Bulk Migrator
Roberto FrazzoliMCADCafe Editorial
by Roberto Frazzoli
A closer look at CCE’s EnSuite – Cloud ReVue LiveLink
Jobs
Service Software Expert-CATIA & CAA for Dassault Systemes at Shanghai, China
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
Mechanical Engineer II for Aehr Test Systems at Fremont, California
Mechanical Engineer in HVAC – Mid-Level for Gordon Prill, Inc at Sunnyvale, California
Director, Industrial Machinery Solutions- SISW PLM for Siemens AG at Livonia, Michigan
Geospatial Solutions Specialist for University of North Dakota at Grand Forks, North Dakota
Upcoming Events
The Design. Engineer. Build. Conference at Anaheim Convention Center Anaheim CA - Aug 10 - 12, 2021
RAPID + TCT at McCormick Place Chicago IL - Sep 13 - 15, 2021
FABTECH 2021 at McCormick Place Chicago IL - Sep 13 - 16, 2021
Western Manufacturing Technology Show WMTS 2021 at Edmonton Expo Center, Edmonton Canada - Sep 14 - 16, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise