
Supply market research
Establishing more facts about your existing and potential suppliers could provide a strong competitive edge. But how well do you really know the supply markets in your sector?
One of our early client projects was to conduct a thorough supply market research exercise for three products that were critical to their internal operations. They were operating globally, and we therefore needed to engage with organisations across the world.
After discussions with our client, we created a comprehensive request for information (RFI) document that was then issued to more than twenty suppliers. The RFI covered details such as: –
- Company structure, size, and market reach
- Financial analysis
- Product range
- Technical data
- Benchmark pricing
- Distribution networks
Inspiring Group handled all communications with suppliers throughout the process, taking guidance from our client where appropriate.
The outcome of the assignment was a detailed report and accompanying appendices, providing valuable insight into the supply market dynamics for the identified products.