LONDON–(BUSINESS WIRE)–SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest success story on how category management helped a leading natural gas provider to increase focus on strategic relationships.
The company wanted to get costs in line to initiate aggressive expansion plans. The key objectives of the engagement are mentioned below.
- Objective 1: The company wanted to address supply-demand mismatch in corresponding supplier markets.
- Objective 2: They also wanted to build a better relationship with suppliers to retain them amid low volumes and reactive procurement practices.
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“Since companies are finding new efficiencies within the natural gas industry, they must optimize cost structures and capital budgets to boost profits,” says a procurement expert from SpendEdge.
Key findings and solutions offered
In collaboration with SpendEdge, the client – a leading natural gas company – improved supplier selection decisions and reduced source-to-pay cycle times. The solution offered helped them to:
Outcome: To help the client build strategic relationships, the category management experts at SpendEdge tailored an all-inclusive research methodology. They collected data from a wide array of proprietary sources and designated a few high spend categories across materials and services. This helped them to identify category management best practices. The solution offered further helped the client to identify the strategic and tactical opportunities to create value within the procurement process.
To access the complete case study on how our category management solutions helped a leading natural gas company to build strategic relationships and boost savings, read the complete case study here!
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