Purchasing
Sales Operations
Product Article Master
Logistics
Finance
- Accounts Payable
- Invoice verification & posting invoices
- Making payments to vendors & queries
- Goods receipt and invoice receipt clearance
- Analyze vendor open line items
- Overhead cost invoices
- MIRO Posting
- Accounts Recievables
- Scheduling a dunning run
- Settling customer payments & queries
- Self-billing of customer’s invoice
- Bank reconciliation
- Customer invoice clearance
- Sales Order Booking
- Daily Credit Run
- Releasing Green Orders
Market Research
Company analysis
Würth Business Services offers comprehensive market research services to help companies in the Würth Group devise growth strategies and take necessary steps to strengthen their position in their respective industries. Our team of seasoned professionals is equipped with the necessary expertise and advanced tools & technologies to execute tasks such as Company Analysis. We use both qualitative and quantitative research techniques to provide business intelligence and valuable insights that enable companies to make well-informed and data-driven decisions. Our Market Research services are focused on helping Würth entities drive their businesses forward.
For the Company Analysis process, we evaluate the profile, business segments, sales volume, products & services, and profitability of companies. We analyze the real-time data, determine the competitive landscape by analyzing different companies in the specific industry, and provide valuable insights. We refer annual reports, carry out Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis, and study the associated brands and subsidiaries as per the customer requirements. We prepare extensive reports to help our customers gain a competitive edge.
Work Flow
WORK FLOW OF THE PROCESS
01. Collect
Collect the financial, geographical, organization structure, and historical information about the company and the annual reports of the company
02. Identify
Identify and analyze company's competitors. Study the product portfolio and associated brands and subsidiaries
03. Carry
Carry out the SWOT analysis and determining the market overview.
04. Review
Review and consolidating the reports of the company
05. Prepare
Prepare and send a thorough report to customer
Benefits
Value-added
BENEFITS OF OUR CUSTOMERS
☞ Determine the potential risks, threats, and opportunities
☞ Understand the competitive landscape
☞ Stay updated with industry trends and technologies
☞ Develop correct marketing mix strategies to tap potential markets
Case study:
Executing Company Analysis Process for Informed Decision-Making
Introduction:
In the fiercely competitive marketplace, a detailed Company Analysis is pivotal for making informed decisions. Our customer, Würth Industrie Service GmbH & Co. KG, recognized the importance of determining the competitive landscape and carrying out Company Analysis process. We collected and analyzes diverse data about a target business. This includes financials, geography, organizational structure, historical data, and others. The process culminates in a comprehensive report that provides valuable insights to customers, helping them make informed choices.
Problem:
Our customer encountered challenges in conducting comprehensive Company Analysis. Gathering and organizing various data sources, identifying competitors, studying product portfolios, and performing SWOT analyses were resource-intensive tasks. Additionally, consolidating this data into a cohesive report was time-consuming. These processes often resulted in delays and potential errors, limiting the company's ability to make timely, accurate, and insightful business decisions.
Solution:
Recognizing the need to enhance the Company Analysis process, we focused on improving data collection, analysis, and reporting processes. We optimized data collection by dedicating resources to gather financial, geographical, organizational, and historical information for companies. This involved accessing annual reports and data from reputable sources. Then we conducted a thorough competitor analysis process. To identify and analyze competitors, we relied on expertise and comprehensive research techniques. The process involved manual data gathering, profiling, and competitive positioning analysis.
We meticulously studied product portfolios, associated brands, and subsidiaries. Data such as product offerings, market positioning, and historical performance were manually analyzed. Then we employed a structured Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis framework. This systematic approach helped evaluate the company's position in the market. Manual consolidation of data into comprehensive reports was streamlined through efficient report-generation processes. We implemented a meticulous data organization approach and report generation expertise. Furthermore, we translated the report into German to give best overview.
Results:
The changes implemented in the Company Analysis process led to significant improvements in data accuracy, high-quality analysis, and thorough reporting for Würth Industrie Service GmbH & Co. KG. Our key results included:
1. Improved Data Accuracy: By optimizing data collection and analysis meticulously, we achieved a reduction in data errors. This enhanced the reliability of insights and recommendations.
2. Enhanced Competitor Insights: With comprehensive analysis, we achieved an increase in the depth and accuracy of competitor insights.
3. Timely and Customized Report Delivery: Despite manual consolidation, report delivery time was significantly less, ensuring the customer received the insights and recommendations in a timely manner. The translation in German, as requested, enhanced the understanding of insights and analysis.
4. Time Savings: Our approach led to considerable time savings. For carrying out a single Company Analysis, we saved nearly 24 hours for our customer. This saved time can be utilized for executing different core operations.
Conclusion:
By transferring the Company Analysis process, our customer gained valuable insights and recommendations to make business decisions. By optimizing data collection, competitor analysis, and report generation, we successfully improved data accuracy, enhanced competitor insights, and expedited report delivery. The results underscore the value of a well-executed Company Analysis process in supporting the customer in making informed business decisions, gaining a competitor advantage, and achieving business growth.