Industrial Equipment Sector
With several end-user segments and the availability of suppliers across various geographies, industrial equipment manufacturers have a number of opportunities to increase their profit margins and achieve improved cost savings through optimized procurement in manufacturing industry. However, with industries increasingly adopting the trend to automate their processes and sourcing intelligence, procurement professionals in the manufacturing industry are frequently faced with purchase requests for new equipment to meet consumer demand and differentiate products from competition.
Identifying key pricing elements and the pricing model followed by various suppliers, Tradesmen’s procurement market intelligence experts offer pricing & procurement market intelligence solutions that will help business manage procurement risks across various business units.
Construction and Building Sector
Though players in the construction and building industrial sector focus on forming strategic partnerships with suppliers, these relationships often remain cost-driven. Helping sourcing specialists make better procurement decisions, we at Tradesmen Corp provide real-time supplier information and procurement market intelligence solutions that cover aspects such as a supplier's financial announcements, new products or services launched by suppliers, the impact of M&As and JVs announced by suppliers, new clients they acquire, and their pricing models.
This provides opportunities to effectively manage the supply chain, procurement in manufacturing industry, and the associated risks through sourcing intelligence to help buyers make improved procurement decisions in the manufacturing industry.
Automation and Control Sector
With innovative technologies easing industrial processes, vendors in the automation and controls manufacturing industry have the constant need to adopt advanced technologies to meet consumer demand. Identifying efficient suppliers is a major challenge for procurement decision makers in the manufacturing industry. With commodity prices becoming increasingly volatile, without the right sourcing intelligence it becomes increasingly difficult to pick buyers without a standardized cost-model analysis.
Developing cost scenarios based on alternate sourcing locations and price fluctuations and even suggesting alternate production processes, Tradesmen’s procurement market intelligence solutions help clients develop robust strategies and procure the right products and services through accurate procurement market intelligence insights.
Industrial & Manufacturing Industry Overview
Procurement professionals in the industrial and manufacturing sector are faced with the need to forecast sourcing expenditures for the long-term, in addition to sourcing commodities and raw material ingredients from several different suppliers across the world. As energy costs and prices in manufacturing procurement grow increasingly volatile, it becomes more challenging to forecast the procurement budget for any commodity. Tradesmen Corp brings together a team of experienced category and commodity experts who combine industrial expertise with advanced tools in procurement in manufacturing industry and procurement intelligence. With this team, we help businesses identify opportunities to reduce their supplier management costs and make better purchasing decisions.
