LONDON–(BUSINESS WIRE)–SpendEdge, a global procurement intelligence advisory firm, has announced the release of their new ’spend analysis study on the chemical industry’. A renowned company in the fine chemicals market space was facing difficulties in examining their marketing spend and identifying robust sourcing opportunities. The client wanted to leverage the use of spend analysis to gain better visibility into their business spends and implement a more competent processing platform to enhance their spend capabilities.
According to the procurement analysts at SpendEdge, “Leading businesses in the fine chemicals space are increasing their focus on developing their strengths to drive growth and generate higher shareholder value.”
In the chemical industry, firms are looking at devising new strategies that would help them meet the specific requirements of their customers seamlessly in a cost-effective manner. Also, leading players in this sector have started leveraging the use of spend analysis solutions to manage their maverick spend and improve business decisions efficiently.
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The spend analysis solutions offered by the experts at SpendEdge helped the fine chemicals firm gain actionable insights into significant cost savings opportunities and assisted them in developing a robust negotiation tool for further sourcing strategies. The solutions offered also enabled the client to gain better visibility into the spending patterns and improve efficiency in capital outlays.
This spend analysis solution offered benefits that helped the client to:
- Reduce their overall spend and achieve procurement efficiency.
- Reduce procurement lead-time.
- To read more, request a free proposal
View the complete spend analysis case study here:
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