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Press release content from Business Wire. The AP news staff was not involved in its creation.

Identifying $7 Million in Savings for a Construction Equipment Manufacturer | SpendEdge’s Latest Supplier Cost Analysis Engagement

December 19, 2019 GMT

LONDON--(BUSINESS WIRE)--Dec 19, 2019--

SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest success story on identifying $7 million in savings for a construction equipment manufacturer.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191219005448/en/

Project background

The company wanted to address pressure from the parent company to reduce the cost of goods sold (COGS). The key objectives of the engagement are mentioned below.

“The US construction equipment industry is highly globalized and susceptible to changes in global economic conditions and needs to address exchange-rate dynamics,” says a procurement expert from SpendEdge.

Key findings and solutions offered

In collaboration with SpendEdge, the client – a subsidiary unit of a large construction equipment companyanalyzed over 50 suppliersaccounting for $200 million of OEM spend. The solution offered helped them to:

Outcome: To address the specific requirements of the client, the experts at SpendEdge conducted a top-down analysis of supplier prices based on financial statements and their industry comparable. They evaluated changes in costing inputs and identified the best cost modeling techniques based on the suppliers’ unique products. This helped the client to create independent assessments and identify potential suppliers to procure products and services at the right prices.

To access the complete case study on how our supplier cost analysis solutions helped a leading construction equipment company to $7 million in savings, read the complete case study here!

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About SpendEdge:

SpendEdgeshares 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 gain more information, https://www.spendedge.com/get-more-info

View source version on businesswire.com:https://www.businesswire.com/news/home/20191219005448/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299




SOURCE: SpendEdge

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PUB: 12/19/2019 11:31 AM/DISC: 12/19/2019 11:31 AM