Originally Published on: SpendEdge |How SpendEdge Helped CPG Giant Streamline Contract Manufacturer Selection Process
Industry Insight: Navigating the supply market intelligence landscape is pivotal for organizational competitiveness. From optimizing working capital to accelerating time-to-market, success hinges on a robust strategy. SpendEdge excels in real-time sourcing and procurement solutions, offering insights to align supply chain management and achieve business objectives efficiently.
Identifying Challenges: Challenged by intense competition and the imperative to fortify profit margins, our client sought SpendEdge's expertise. The primary strategy involved relocating cost-intensive operations to low-cost destinations, critical in a US and Canada market exceeding US$1 billion. The mission: enhance manufacturing processes, cut operating costs, and uphold product quality in the highly competitive Food and Beverage (FB) and Consumer Packaged Goods (CPG) market.
Challenges Encountered:
- Intense competition and profit margin pressure.
- The need to migrate cost-intensive operations to low-cost destinations.
- Addressable market worth over US$1 billion in the US and Canada.
Overcoming Bottlenecks: SpendEdge's Strategic Solutions:
- In-depth research and analysis tailored to the client’s business requirements.
- Validation, tabulation, and presentation of research findings for swift decision-making.
- Facilitation of prompt engagement with a selected contract manufacturer, with initial results showcasing promise.
SpendEdge's adept team streamlined the contract manufacturer selection process. Employing a robust market research methodology, we identified key manufacturers for the client’s ready-to-eat product line. Crucial factors like plant locations, equipment type, and quality certifications underwent meticulous evaluation. Presenting a shortlist of five contract manufacturers, we ensured agile decision-making, enabling the client to seamlessly collaborate with their preferred manufacturer.
