Want to Know How SpendEdge’s Demand Aggregation Solution Helped a Pharmaceutical Company to Achieve Savings of US $2.1 Million – Request a Free Proposal Now!
March 28, 2019LONDON–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/AggregateDemand?src=hash" target="_blank"gt;#AggregateDemandlt;/agt;–SpendEdge, a leading provider of procurement market intelligence
solutions, has announced the completion of their demand
aggregation engagement for a pharmaceutical company.
Project background
The client wanted to determine the aggregate demand for medicines
produced by the company to reduce their overall cost. The total
engagement period agreed upon with the client was three months.
-
Objective 1: The company wanted to control the increasing spend
of the company by efficiently planning their ordering patterns and
packaging configurations. -
Objective 2: They were also interested in improving supply
chain visibility to reduce their sourcing costs. -
Interested in gaining more information? Request
a free demo and know how our demand aggregation solutions
can help you improve the efficiency of the supply chain.
“Demand aggregation allows companies to gain visibility into their
purchasing requests by coordinating and consolidating individual
requirements. It enables companies to analyze the spend of their
business and improve the efficacy of their supply chain,” says
Srinivas R (Manager – Procurement Services at SpendEdge)
Key findings and solutions offered
In a span of three months, the client – a
leading pharmaceutical company – addressed exacerbating
inefficiencies in their resource allocation methods and upgraded their
procurement process. The demand aggregation solution offered also helped
them to:
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Facilitate the agreement of contracts with negotiated prices for
different volumes on their terms. -
Improve the efficacy of their supply chain and ensure the timely
allocation of resources for payments. -
Strategic planning of resources and ordering patterns is imperative
for businesses to reduce excess spend. Request
a free proposal and access our complete portfolio of demand
aggregation solutions today!
With SpendEdge’s help, the pharmaceutical company was able to implement
strategic purchasing strategies. These strategies allowed them to
establish a large-scale competitive procurement process that can provide
greater assurance of supply. The solutions offered helped the client to
reduce their financial costs pertaining to the procurement process and
achieve savings of US $2.1 million.
To access the complete case study on demand aggregation, get
in touch with our experts now!
About SpendEdge:
SpendEdge
shares 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.
Request free proposal to know more, https://www.spendedge.com/request-free-proposal
Contacts
SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630
984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us