Players in the automotive industry have an extremely diverse requirement in terms of materials, components, and parts that are procured from multiple suppliers resulting in a higher sourcing complexity and gives rise to several procurement challenges.
Tail spend is 20% of the spend that typically goes unmanaged within an organization. It is not actively managed in all the spend categories and may therefore have adverse impact on the firm’s financial performance.
Simran Alchemist August 19, 2021
The client is a subsidiary of a top steel producing company in the world. They are into chromite mining and serves customers globally.They wanted to finalize a high value MDO contract for two of their mines, with a contract tenure of 10 years.