SpendEdge, a provider of procurement market intelligence solutions, has announced the completion of its latest success story on identifying over USD 23 million in reduced spend opportunities for a US telecom company, the company said.
The company wanted to improve spend management and develop an enterprise-wide procurement strategy to ensure the availability of funds for future acquisitions.
SpendEdge´s experts performed a detailed spend and category analysis to identify saving opportunities for the client. They gained in-depth insights to revise procedures and policies, key performance indicators (KPIs), and metrics to manage the spend.
This helped the client to identify opportunities for savings in different spend categories. The solution offered included the soliciting of competitive RFPs, developing negotiation strategies, and selecting potential suppliers. This further enabled the client to assess the financial health of suppliers and appropriate cost structure.
SpendEdge is a procurement market intelligence partner that delivers real-time procurement market intelligence reports and solutions.