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Using our KPIs and SLAs related to cost and price variance, you can manage and optimize your procurement expenses. This data can also be used to monitor and control costs as well as to negotiate favorable prices. The insights generated by us can also be used to identify cost-saving opportunities
Identifying and classifying the severity of supply chain risks plays a critical role in ensuring that businesses are equipped with tangible information to not only shield themselves from inherent risks but also formulate plans to tackle the same in an efficient and timely manner.
Complying with continuously changing regulations in volatile markets can prove to be a grueling task for stakeholders across the supply chain especially with the proliferation of third-party databases with inconsistent data. This makes it imperative for organizations to make sure that every single supplier in the chain consistently complies with applicable industry-specific standards to protect their brand image.
In an era where the focus on ESG is growing exponentially among investors and consumers alike, the onus is on organizations to perform integrity checks and due diligence with regards to the social and environmental risks associated with their suppliers. This will pave the way for making significant headway in gaining the confidence of investors.
Challenge: The client faced inefficiencies, miscommunication, and lack of visibility across their franchise network, hindering operational efficiency and customer satisfaction.
Solution: SpendEdge developed a tailored digital platform to enhance supply chain visibility, improve communication, and optimize cargo tracking across franchises.
Result: The engagement led to streamlined operations, increased on-time deliveries, and elevated customer satisfaction through strategic supply chain improvements.
With the increasing complexity of managing global supplier and delivery networks, creating an accurate and detailed supply chain map to accurately capture supply map and traceability is the first step toward guaranteeing efficient supply chain evaluation and operations.
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.