SpendEdge Identifies Cost Saving Opportunities in the Pharmaceutical Industry

LONDON–(BUSINESS WIRE)–#PharmaceuticalsSpendEdge, a leading
global procurement intelligence advisory firm has announced the completion
of their latest assessment
, a tail-spend analysis for a leading
pharmaceutical and biopharmaceutical company. The primary objective of
this analysis was to develop a comprehensive assessment of the company’s
maintenance, repair, and operations (MRO) category, which would help the
client in streamlining their sourcing processes.

“With an organization consisting of centralized and local procurement
spread across six countries and more than 20 business units, the client
was facing issues with consolidating and identifying savings
opportunities since they had no access to the full data on category
spend through their central ERP system,” said SpendEdge.

By leveraging contract rates and conditions through the implementation
of service or commodity catalogs and identifying
the risks
due to the lack of long-term contracts and
inappropriate sourcing practices, the client was able to save millions.
In a span of five weeks, the client was able to achieve approximately
26% savings in various categories and nearly 57% reduction in the
supplier base.

View related research: Cost
saving opportunities in the pharmaceutical industry

Some of the key solutions provided in this assessment include:

  • A MS Access, Excel, and VBA based tail spend analytics framework
  • Category/sub-category level spend data analysis
  • Benefit assessment
  • Recommendations and process improvement guidelines

View the study: https://www.spendedge.com/casestudy/tail-spend-assessment

About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred market intelligence partner for Fortune
500 firms and other leading companies across industries. Our strength
lies in delivering actionable insights that help sourcing and
procurement professionals get the right information in the right format,
without any unnecessary frills. For more information on SpendEdge’s
services, please contact


Jesse Maida
Media & Marketing Executive
+1 630 333 9501
UK: +44 208 123 1770