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Client Success Story
Supply Market Analysis- Supplier Selection & Pricing of a Critical Chemical
SITUATION:
- A major oil and gas company was engaging in a first ever cross business unit sourcing of a critical chemical
- The aim was to develop a reliable and robust global supply network and to select best-in-class suppliers
- Anklesaria was asked to conduct a detailed supply market analysis and provide recommendations on supplier selection and pricing
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HOW WE HELPED:
- Anklesaria conducted in-depth analysis of market structure and competitiveness
- Performed detailed evaluations of key players
- Analyzed industry trends and developed a detailed price forecasting model
- Developed a pricing model for the contract
BENEFITS:
- The company was able to develop a new reliable supply chain with a wide network of logistics and inventory locations in Asia and the United States
- The Company believed they now had the best suppliers with the best track records and reliability
- The pricing model provided the company with a 15% advantage over market prices
- Initial benefit was estimated at greater than $2 million
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