Being the market research and procurement specialist, RationalStat recognizes the importance of having timely and exact demand and supply market intelligence for sourcing-related decision-making. Access to accurate, timely, actionable supply chain and procurement intelligence offers strategic leverage to the category leader. Lack of its intelligence exposes firms to substantial market and sourcing-related risks.
RationalStat’s team comprises 30+ experts and analysts. It supports chief purchasing officers, procurement managers, and supply chain professionals through custom-tailored procurement research deliverables and engagement models.
RationalStat’s Procurement Market Intelligence Offerings
Procurement market intelligence is imperative, and the costs of poor procurement intelligence, whether direct or indirect, can be high. Robust supply chain intelligence help answer essential questions for purchasing and procurement managers regarding suppliers, distributors, sales channels, sourcing tactics, and supply chain management.
Procurement research is not just about enhancing profit margins and savings costs but can be applied to expand market shares, mitigate risks, improve competitive positioning, and bring about more significant innovation. Our solutions give real-time insights, and the client gets a conclusive competitive edge when confronting practical concerns and big problems.
Market Research and Analytics
Data are only as helpful as the conclusions that stakeholders can draw from them. Procurement market intelligence solutions are designed to analyze the data by producing reports and graphs after analysis. Market research analytics supports intelligent and informed decision-making. Under market research and analytics solution, RationalStat provides market research, market sizing, data forecasting, go-to-market strategy, competitive assessment, market share analysis, trends analysis, and company profiles.
Supplier Intelligence and Sourcing
The volatility associated with the political environment, geopolitical situation, and industrial force majeure has increased substantially and resulted in disruption. The degree of unpredictability translates to a ripple effect on the supplier side regarding shipments and production. RationalStat’s supplier intelligence solutions deal with formulating an effective strategy, including an alternative supplier, e-sourcing, technological integration, competitive positioning, and matrix cards. Category managers can use our state-of-the-art solutions to evaluate market data with intelligence to arrive at an apt solution that can add value to the organization by making a more informed and relevant decision.
Pricing Trends and Intelligence
Intelligence on price trends of commodities, services, and materials plays a crucial role in the strategic plan of businesses and procurement teams. In the last couple of years, supply chain disruptions due to the COVID-19 pandemic have caused unprecedented price volatility and challenged the basis of commodity price forecasting. RationalStat pricing trends and intelligence solutions provide data related to price movements for an extensive array of commodities and materials.
Spend analysis helps procurement professionals and supply chain managers identify, categorize, consolidate, cleanse, analyze the spend, and enable improved strategic decisions. RationalStat’s solution for spend analysis unlocks a growth avenue for organizations, allowing their supply chain and subsequent business growth. While doing spend assessment, RationalStat involves identifying the expenditure source, gathering the relevant data, data cleaning to eliminate errors, consolidating the suppliers, categorizing the spend, and analyzing the spend.
Risk Monitoring and Mitigation
The supplier’s stability is at the forefront for the buyer when it comes to fulfilling the demand. Sound procurement market analysis provided by RationalStat ensures and informs the buyer about the risk factors associated with a supplier. For instance, a supplier offering attractive rates may be located in a politically unstable region and prone to unforeseen disruptions. A supplier situated in a more stable environment may be less risky in the longer run.
RationalStat strategically places itself to cater to global, regional, and local clients with actionable data, supply market analysis, and key takeaways on the market, price, contract, and vendor management.