NEW YORK, Aug. 23, 2023 /PRNewswire/ — SpendEdge, a global leader in procurement market intelligence space recently engaged with a biotech company for supplier and supply chain risks.
To get alerts on the supply chain risks and address the issue of delays in order processing. One of their key issues was ineffective vendor onboarding.
Game-Changing Solutions:
After understanding the extent of the client’s challenges, the SpendEdge team of procurement experts decided to carefully study the intricacies of each requirement carefully and create bespoke solution to suit the scope of the client’s business model.
SpendEdge provided risk scores to the company with the aid of which the client was able to make effective decisions. Their expertise helped the client to determine the risks associated with the supplier and how the vendors react to these risks and make effective decisions. Due diligence in the vendor onboarding process, frequent verification of vendor data, and other strong controls helped them with selecting prospective suppliers.
SpendEdge professionals were able to please the customer and deliver the greatest outcomes and accomplishments for them.
Read the full case study: Click here
About SpendEdge:
SpendEdge is a global leader in procurement market intelligence space acts as strategic partner to over 200 global procurement organizations delivering insights on category landscape, supplier identification, negotiation strategies, price benchmarking, cost modeling, sustainability practices, and more.
Over the past 2 decades, SpendEdge has worked with procurement organizations across regions, of varying sizes and belonging to several industries. They have helped their clients solve procurement problems of varying complexities. Going above and beyond, the organization heads to the best possible extent using different methodologies to deliver timely and actionable recommendations to support decision making.
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SOURCE SpendEdge
