Forecasting Procurement Costs for an MRO Company in the Airline Industry | SpendEdge’s Latest Cost Model Analysis Engagement

Cost model analysis for an MRO company in the airline industry.

LONDON--(BUSINESS WIRE)--Jul 11, 2019--

SpendEdge, a leading provider of supplier market intelligence solutions, has announced the completion of their cost model analysis for an MRO company in the airline industry.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190711005556/en/

Cost model analysis for an MRO company in the airline industry. (Graphic: Business Wire)

Project background

The company wanted to improve its existing costing system to meet stakeholders’ financial goals. The key objectives they aimed to achieve through this engagement are mentioned below:

  • Objective 1: The company wanted to improve the total cost of ownership mechanism to forecast procurement costs.
  • Objective 2: They also wanted to analyze the impact of each cost driver on the overall cost.
  • Wondering how companies can improve their costing systems and accurately forecast procurement costs? Request a free proposal to access our complete portfolio of cost model analysis solutions for free!

Performing cost model analysis helps companies to determine the feasibility of investment opportunities by applying the time value of money,”says Srinivas R, Procurement Manager at SpendEdge.

Key findings and solutions offered

In collaboration with SpendEdge, the client – a well-established MRO company in the airline industry – allocated costs to activities specific to the procurement process and improved accuracy in the total cost assessment. The solution offered helped them to:

Outcome: The cost model analysis performed by the experts at the SpendEdge helped the MRO company to identify the costs and benefits associated with their projects. This helped the client to make better strategic decisions and plan ahead of any contingencies. The cost model analysis engagement further helped the client to improve the existing costing system and predict the total cost of operations involved in the procurement process. This enabled the client to implement a comprehensive activity-based costing method, accurately calculate total costs, and allocate costs to the activity specific to the process.

Want to gain more information? Request a free demo to know how we can help you perform cost model analysis and gain detailed insights into the activity-based costing method.

About SpendEdge:

SpendEdgeshares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.

Want to gain detailed insights?We’re here to help you out! Tell us more about your business challenges.

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT AIR

SOURCE: SpendEdge

Copyright Business Wire 2019.

PUB: 07/11/2019 10:43 AM/DISC: 07/11/2019 10:43 AM

Copyright Business Wire 2019.

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