Originally Published on: SpendEdge |How SpendEdge Helped CPG Giant Streamline Contract Manufacturer Selection Process
Key Achievements:
- The client grappled with declining market share and heightened consumer concerns.
- Growing emphasis on clean-label and health-conscious products.
- Surging demand for unique flavors and non-traditional fruit-based items.
Industry Insight:
Effective supply market intelligence is essential for the seamless flow of products, information, and capital. Its impact significantly influences an organization's competitiveness in terms of working capital, product cost, and speed to market. SpendEdge stands out by delivering real-time sourcing and procurement solutions, empowering category managers with strategic insights to align supply chain processes and ensure optimal value delivery.
Identifying and Overcoming Challenges:
- Intense competition and the imperative to enhance profit margins.
- Need to migrate cost-intensive operations to budget-friendly destinations.
- Addressable market worth exceeding US$1 billion in the US and Canada.
Solutions Implemented:
SpendEdge spearheaded a transformative approach in the client's contract manufacturer selection process. Leveraging expertise and a robust market research methodology, we pinpointed key manufacturers for the ready-to-eat product line. In-depth assessments of operational and functional capabilities, covering plant locations, equipment types, and quality certifications, were conducted. A concise shortlist of five contract manufacturers streamlined decision-making, fostering collaboration with a preferred partner.
Breakthrough Outcomes:
The client emerged triumphant over challenges, yielding remarkable results:
- Improved profit margins and reduced operating costs.
- Elevated product quality and expanded manufacturing capabilities.
- Amplified market competitiveness and heightened customer satisfaction.
This success narrative underscores SpendEdge's adeptness in transforming procurement challenges into strategic triumphs for clients in the dynamic CPG industry.
