Leveraging Spend Analysis Strategies to Gain Superior Business Outcomes – SpendEdge’s Latest Engagement Summary on the Automotive Industry

LONDON–(BUSINESS WIRE)–#AutomotiveIndustry–SpendEdge, a well-known procurement intelligence solution provider, has
announced the completion of their latest spend
analysis study for an automotive industry firm
. The client is a
leading producer and supplier of automotive systems for leading
automobile manufacturers across the globe, with annual revenue of over
US$ 30 billion. With the rise in the demand for automobile products from
emerging economies, the client was looking to gain superior business
outcomes by implementing an efficient processing platform to improve
their spend capabilities. Moreover, they wanted to gain granular
insights into current spending trends by analysing the data of industry
peers.


In today’s economy, spend analysis is regarded as a potent weapon in the
battle to squeeze new profits out of the procurement processes. Spend
analysis empowers organizations to decrease inventory, increase sourcing
cycle time, and assists in long-term planning and economic forecasting.
It also presents a realistic picture of future spend requirements based
on the forecasted data.

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a free demo
see for yourself why we’re the preferred partner
for leading Fortune 500 companies when it comes to spend analysis and
procurement intelligence.

According to the procurement experts at SpendEdge, “Spend
analysis solutions helps organizations identify potential opportunities
and manage organizational spend.”

The spend analysis solution offered by SpendEdge’s experts helped the
client assess the spend patterns of the industry leaders. This helped
them to benchmark their performance against those of the competitors.
This subsequently helped them reduce supply chain risks and establish
their presence in the automotive industry. Additionally, the spend
analysis strategy allowed the automotive industry firm to increase their
spend management capabilities, which, in turn, helped them drive savings.

To know more about the complete scope of this engagement and the real
benefits of spend analysis for businesses,
request
a proposal

SpendEdge’s spend analysis strategies helped
the client to:

• Gain higher returns and superior business outcomes

• Get best performance results in terms of savings, cost efficiency, and
process efficiency

To know more about the spend analysis strategies followed by
different firms,
Talk
to an analyst

The engagement also offered predictive insights
on:

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About SpendEdge:

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. To know more, https://www.spendedge.com/request-free-proposal

Contacts

SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630
984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us

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