Our team of over 500 experts assist clients in identifying and selecting the best-cost sourcing locations and understanding cost reduction opportunities and the associated risk elements in their supply chain. We also consider trade policies, logistics costs, political unrest, import tariff and infrastructure, among others, before offering the best solution for each need
Keeping track of the latest regulations and changes in import laws is key in Low-cost Country Sourcing (LCCS). Our team of experts ensure clients have access to the latest information in an easy to understand language. This helps avoid ambiguity and avoid any unforeseen trouble and have a strong procurement strategy in place.
We go the extra mile to create a holistic portfolio of suppliers from LCCs/BCCs, i.e., we not only look at the cost reduction possibilities, but also ESG initiatives, logistics costs, quality control, taxation laws, and regulations, among others. We offer alternative options based on the sourcing destinations requirements of clients
Our benchmarking experts aid businesses to adopt Low-cost Country Sourcing (LCCS) initiatives that help in cost reduction and TAT. We also help identify the preferred engagement models in different LCC and BCC. Such initiatives help maximize cost and other benefits.
Challenge: The automotive company grappled with multiple critical risks, including supply chain disruptions, fluctuating market demands, and stringent regulatory requirements.
Solution: To tackle these pressing issues, SpendEdge engaged in conducting an in-depth risk assessment to identify critical risks impacting the supply chain and developed a tailored risk management strategy.
Result: The implementation of the risk management strategy resulted in significant improvements in the company’s operations, leading to a marked reduction in the adverse effects of identified risks, and improved cost efficiency.
Read more Know about SpendEdge ProcurementThe geopolitical volatility in the post-COVID era has drawn importance to procurement strategy, especially in terms of ensuring a secure supply chain while achieving cost reduction. Our LCCS/BCCS analysis helps you maximize cost reduction.
Talk to Our Expert
Gain insights related to your key spend categories, ranging from important updates, outlook, and engagement models, to in-depth supply-chain risk analysis.
Improve supplier selection decision making and supplier relationship management through our services covering supplier identification, supplier updates and alerts, and risk and sustainability analysis.
Improve strategic decision making through our services related to negotiation advisory, best practices, risk mitigations, supplier KPIs and SLAs, and cost optimization mechanisms.
Keep a close look at price movements and forecasts for key commodities and the impact of different cost drivers to formulate effective cost reduction strategies.