SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest success story on leveraging supply market analysis solutions to help a premium automobile company to balance between Tier -1 and Tier-2 suppliers.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191227005153/en/
The company wanted to analyze the market and find suitable suppliers to source from. The key objectives of the engagement are mentioned below.
- Objective 1: The company wanted to perform supply market analysis for the test equipment of a specific new technology.
- Objective 2: They also wanted to devise a competitive sourcing strategy to address competition arising due to entrants.
- Interested in gaining detailed insights? Request a free demo and know how we can help you perform supply market analysis and provide access to over 1000+ procurement reports.
"Companies must focus on knowledge-based partnerships and innovation processes to devise strategies to secure and develop their position as a leading firm in the Swedish automobile industry," says a procurement expert from SpendEdge.
Key findings and solutions offered
In collaboration with SpendEdge, the client – a Swedish premium automobile company – adapted the test equipment to suit their testing activities and controlled the product quality. The solution offered helped them to:
- Create a balance between Tier -1 and Tier-2 suppliers
- Reduce the risk of paying higher to suppliers.
- Are you looking for solutions to conduct supply market analysis and ease new product development? Request a free proposal to access our customized supply market analysis solutions today!
Outcome: With SpendEdge's supply market analysis solution, the client gained specific insights into the key market players and their role in the market. They analyzed supplier competition and identified prominent suppliers in the market. New geographical markets and possible product supplements or substitutes were identified to secure the supply of the test equipment. The solution offered also helped the client to establish partnerships with several Tier-2 suppliers and pool complimentary skills.
To access the complete case study on how our supply market analysis solutions helped a premium automobile company to share risks and costs, 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.
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