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How SpendEdge Helped a UK Pharmaceutical Company to Identify New Cost Reduction Opportunities and Reduce Procurement Spend by 30% | Request a Free Proposal for Comprehensive Insights

February 6, 2020 GMT

LONDON--(BUSINESS WIRE)--Feb 6, 2020--

SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest success story on identifying new cost reduction opportunities and reducing procurement spend by 30% for a company in the UK pharmaceutical market.

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Project background

The company wanted to address the diminishing profit margins. The key objectives of the engagement are mentioned below.

“Businesses in the UK pharmaceutical market are recommended to take a more strategic approach to maintain increasingly complex supply chains and address pricing pressures,” says a procurement expert from SpendEdge.

Key findings and solutions offered

In collaboration with SpendEdge, the client – a leading company in the UK pharmaceutical market –focused on innovation in sourcing and procurement. The solution offered helped them to:

Outcome: To address the specific requirements of the client, the experts at SpendEdge analyzed the key suppliers and implemented service-level agreements to improve supplier management. The key insights provided helped the client to set supplier KPIs and develop an effective procurement strategy. The solution offered further helped the client to analyze innovative concepts that go beyond ‘traditional purchasing’ to improve efficiency and identify new cost reduction opportunities in the UK pharmaceutical market.

To access the complete case study on how we helped a company in the UK pharmaceutical market to reduce the procurement spend significantly, 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/20200206005559/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: BIOTECHNOLOGY PHARMACEUTICAL HEALTH

SOURCE: SpendEdge

Copyright Business Wire 2020.

PUB: 02/06/2020 11:49 AM/DISC: 02/06/2020 11:49 AM

http://www.businesswire.com/news/home/20200206005559/en