Banking and Financial Service Industries

As we know in today’s scenario, the global banking and financial services industry has undergone tremendous change. The industry in general is moving towards cost cutting thereby downsizing of the work forces which in return puts on the pressure for meeting the deadlines.

Banking and Financial organizations employ four main levers for optimizing procurement costs and achieving cost reductions. These are:
– Price management means achieving reduction through pricing, e.g. contract re-negotiations or competitive bidding.
– Vendor consolidation reduces the number of vendors across business units and geographies and focuses on selecting “preferred suppliers” per spend category.
– Demand consolidation is achieved through increased coordination and integration of buying power across the organization (one face to suppliers) and reducing uncontrolled ad-hoc purchases (known as maverick spend).
– Demand optimization most often takes the form of curtailing spend by, for example, temporarily freezing non-critical purchases or opting for limited or fewer product and service requirements.

At GainEdge we have the necessary expertise and resource through which we can derive cost savings by operating and handling the above four levers appropriately.

Vertical Expertise

At GAINEDGE, we believe that every industry is unique. So we’ve built industry-specific expertise which helps us deliver comprehensive procurement and supply chain solutions to every major industry. Our extensive range of solutions is designed to maximize value from your procurement operation.

Let's get in touch

Give us a call or drop by anytime, we endeavour to answer all enquiries within 24 hours on business days.

Tell us all about your Strategic Sourcing needs.

& What you will get:

  • Best in class Spend Analysis report
  • Complete management solution for your entire strategic sourcing chain
  • Strategies to source a quality along with cost savings

Let's Convert Your Idea into Reality

For any consulting inquiry, reach us on info@gainedgeconsulting.com or alternatively write-in to us below: