Business Challenge: A leading client in the chemical industry wanted to understand spend patterns, key sourcing destinations and competitors’ sourcing strategies specific to 6 categories.
Situation
The client wanted to do an assessment of Global Commercial, Operations, R&D, Corporate and IS/IT categories and understand spend levels, emerging sourcing destinations and competitors’ strategies.
Approach
We conducted deep dive assessment on each category market to obtain insights on the supply market landscape. We shortlisted 5 major competitors and obtained insights on their sourcing patterns and strategies.
Impact
The client in the chemical industry was able to fine-tune its sourcing strategies based on insights specific to recent supply market trends, emerging sourcing destinations and competitors’ spend patterns.
