Supplier Intelligence

How SpendEdge Supplier Intelligence Helps

Contemporary supplier discovery techniques

Our methodology does not stop with historical filters like financial data, performance, and quality compliance, but goes deeper to assess critical parameters like functional and operational capabilities score, supplier’s position in the market, clientele, industry experience etc., to support with best-in-class supplier selection process.

Broader geographic coverage across regions

Get access to suppliers across regions including tough to reach geographies such as APAC, LATAM, North Africa, Easter Europe. Our primary research expertise allows us to conduct detailed supplier search to assess capabilities of suppliers from alternative sourcing destinations, satisfying your exact business needs. We cover both public companies and private companies!

Proactive risk monitoring and real-time risk alerts

With our supplier risk intelligence service, you get custom alerts for a host of risk categories (financial data, quality performance, sustainability, compliance), so you can act on them instantaneously, leaving nothing to chance and assisting with better risk mitigation strategies.

Expanding opportunities through supplier discovery of diverse suppliers

Our supplier intelligence solutions will enable you to build up your diverse pipeline and onboard certified vendors across product and service markets which will not only improve business outcomes but also demonstrate your workforce commitment.

Stopping supplier fraud before it happens

Due diligence in the vendor onboarding process, frequent verification of vendor data, and other strong controls baked into our solution will prevent supplier malpractices like billing fraud and check forgery.

Crisis management and communication plans

Unanticipated crises triggered by uncontrollable factors put ties with clients under stress, and our data-based insights can help you frame fact-based communications with stakeholders to mend relationships and safeguard reputations.

Supplier Intelligence Offerings

Supplier Shortlisting

For a lot of businesses, the supplier selection process is proving to be the single point of failure capable of knee-capping the entire supply chain. Our experts apply a standardized rubric to vet suppliers for quality compliance, delivery, cost efficiency, and financial stability. Our supply market intelligence framework is aimed at deriving best results over the long haul through diligent supplier discovery process. We build and maintain a large high-quality talent pool to progressively shrink lead times for clients.

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Supplier Updates

The more informed you are about capabilities of your suppliers the better grip you will likely have on the outcomes of a certain supply-side situation. Gathering information for detailed supplier profiles and ensuring the supplier performance indicators are accurate and up to date is an existential necessity for any business of repute. Our experts implement automated alert systems to enable you to stay in the know about diverse supplier risks and deliver more timely responses to boost supply chain resilience and meet regulatory obligations without fail.

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Support on RFx Events

Not just supplier discovery and building supplier profiles, we also assist with RFx events to support supplier shortlisting, negotiation fact packs and onboarding. We help build questionnaires and administer events for RFP (Request for Proposal), RFQ (Request for Quotation) and RFI (Request for Information). We support end-to-end through supplier shortlisting, questionnaire development, supplier selection criteria, inviting suppliers, answering their questions and assessment of their capabilities to recommend on a shortlist of suppliers. This could free up some valuable time for your teams.

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Supplier Sustainability Analysis

Workers at supplier businesses are entitled to a safe workplace free of hazards and fair working conditions. There is growing pressure on businesses to subsume fair trade, safe working conditions, and upstream suppliers’ environmental considerations within their bidding systems. Sustainable procurement is the new mantra, and true to this, our practitioners are enabling clients to walk the talk on sustainability and, furthermore, ensure their vendors also measure up to these sustainability expectations.

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Supplier Risk Profiles

An unhealthy obsession with supplier costs has many businesses chasing low-cost vendors who often cut corners on quality compliance. Unscrupulous third-party supply chain participants constitute the biggest source of reputational risk for organizations. Cost can never be a sole consideration for reckoning supplier risks, so taking a more detailed view of risk, we assign risk scores to suppliers based on multiple factors, and clients get alerts when the score threatens to exceed a certain threshold.

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Talk to Our Expert

Cost containment is not the only thing over which CPOs are facing the heat. Stakeholders are demanding that suppliers be brought into line with labor and environmental codes. Proactive supplier discovery is of the essence.

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Featured Case Study

How SpendEdge Helped an Alcoholic Beverage Manufacturer to Optimize Supply Chain Efficiency

Challenges: The client dealt with supplier uncertainty, causing inconsistent deliveries and material quality, leading to production delays and stockouts.

Solutions: SpendEdge implemented a tailored supply chain analysis, combining research to optimize replenishment and enhance visibility.

Results: Sales increased by 100% due to better product availability and operational efficiency, greatly improving customer satisfaction and loyalty.

Read the full case study