LONDON--(BUSINESS WIRE)--SpendEdge, a well-known procurement intelligence solution provider, has announced the completion of their latest study on the significance of supply chain management services for a consumer goods company. The report gives an overview of how an unproductive supply chain management system can result in increased error rates and poor supply chain visibility for companies. It also provides information on how supply chain management services can be leveraged to provide unique insights into market risks, supplier information, and procurement strategies.
The escalating market competition is compelling leading players in the consumer goods sector to enhance their market value through an improvised supply chain management process. Companies that sell CPGs are realizing the need to have an agile supply chain management system that can help them adapt to the changing consumer demands. Also, availing customized supply chain management services can help businesses utilize their resources efficiently, reduce manufacturing lead times, and develop better collaboration with suppliers.
According to the procurement experts at SpendEdge, “Supply chain management services are critical for companies to efficiently address procurement challenges and mitigate procurement risks."
The Business Problem: The client is a leading company in the consumer goods sector and has business units spread across different parts of Europe. Being one of the largest consumer goods manufacturers in Denmark, the existing process of the company was proving inefficient in terms of supply chain visibility and digital capabilities. This was substantially increasing their error rates and leakage due to lost invoices. Inefficient supply market intelligence was posing difficulties for the company in generating unique insights on their supply chain activities. The inadequacies in the delivery and reconciliation processes were contributing to the poor customer experience and were dwindling their customer base.
Is poor supply chain visibility becoming a hurdle for your business? Talk to our experts and know how our supply management services can help you with detailed insights on supply chain activities.
The Solution Offered: To address the needs of the client, the experts at SpendEdge focused on developing strategies to enhance supply chain visibility. They offered actionable insights into inventory and point-of-sale (POS) data that empowered the client to manage volatile demand. They also devised a supply chain management strategy to improve the company's supply chain performance. The solutions offered equipped the client with better supply market intelligence capabilities and predictive supply market insights on a regular basis. SpendEdge’s supply chain management services also aided the company with several other benefits such as better savings, inventory management and supply chain risk identification.
Supply chain management services directly impact the efficiency of companies' procurement processes. Request a free proposal and know how you can leverage our supply chain management services for the growth of your organization.
SpendEdge’s supply chain management services helped the client to:
- Identify supply chain risks proactively.
- Achieve better savings.
- Want to gain actionable insights into markets risks, supplier information, and procurement strategies? Request a free demo now!
SpendEdge’s supply chain management services also offered predictive insights on:
- Enhancing supply chain visibility.
- Improving inventory management through accurate forecasts.
- Read the complete article to know more: https://www.spendedge.com/casestudy/supply-chain-management-services
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
