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To understand changes in market dynamics and constant industry developments, it is essential to analyze factors such as raw material availability, changes in trends and regulations, and future risks. As part of the deal benchmarking process, we assess the above factors, their potential impact on deals and how to tackle challenges and capitalize on growth drivers.
As part of our deal benchmarking service, we load our clients with comparable data on transactions as reference points and use them for favorable negotiations. We identify negotiation points and aid in justifying proposed deal terms based on market standards. This data would also enhance your chances of reaching a mutually beneficial agreement in essence a “win-win situation.
We analyze different deals that are similar to our clients' requirements to spot potential risks and challenges. Such comparisons also help our clients to develop contingency plans, make informed risk assessments, and improve the possibility of successful execution.
We evaluate various transactions of our clients and their peers against industry standards. Such evaluations help us to identify and suggest areas of improvement to our clients. Benchmarking services also help to evaluate the effectiveness of deal strategies, financial terms, and overall deal performance.
Challenge: An emerging automotive manufacturer struggled to replicate successful supply chain deals and establish effective partnerships due to uncertainty in their approach.
Solution: SpendEdge utilized its deal benchmarking expertise to provide tailored strategies, enabling the client to develop clear guidelines and expectations for supplier relationships.
Result: The automotive manufacturer successfully implemented a contract management plan that aligned with industry standards, fostering collaborative partnerships that improved procurement processes and operational efficiency.
Read more Know about SpendEdge ProcurementOur experts help to mitigate the constant changes in demand, requirement for innovations, and consumers’ changing needs, especially in this post-pandemic era.
Talk to Our Experts
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.