Key findings: Health and safety consulting services
This report on health and safety consulting services helps buyers understand the impact of price dynamism on the overall procurement process. Additional information includes an analysis of the key risk management strategies, category growth potential, cost drivers, and much more.
According to market experts, increasing spend from the industrial manufacturing sector will influence the demand for health and safety consulting services in the years to come. Last year, the spend from this sector accounted for more than half of the total spend on health and safety consulting services. The high annual growth rate (13%) of this market segment will ensure the availability of growth opportunities for suppliers looking to invest in the market for health and safety consulting services. However, the report also states that the construction market will soon be one of the key end-user segments due to its high spend potential. This year alone, the construction market’s spend on health and safety consulting services was more than $350 million. Adoption of green construction practices, rehabilitation of aging structures, and changing worker safety policies are some of the key factors driving this spend.
To access data on the exact year-over-year spend growth rate, download a free sample report!
This procurement market intelligence report offers a comprehensive overview of the US market landscape and identifies the best procurement models to help enterprises procure health and safety consulting services at cost-effective rates. The report also provides information on the spend opportunity for suppliers and allows buyers to estimate the total cost of ownership.
Information offered in this health and safety consulting sourcing and procurement report will help the buyers:
- Identify cost-saving opportunities and the best negotiation strategies
- Best strategies to achieve procurement excellence
- Market favorability and competitiveness
Analyze the global category spend for health and safety consulting services
Environmental consulting, occupation health and safety consulting, and community health and safety consulting are the three key segments of the global health and safety consulting market. Out of these segments, the environmental consulting segment accounts for about 25% of the market size, owing to the implementation of stringent environmental regulations. According to the health and safety consulting procurement research report, growing regulatory pressure and changing worker safety policies will force companies to spend the most on incident reporting systems. These systems will soon account for more than 33% of the total spend budget. For more information on the annual spend growth rate for the period of 2017-2022, download a free sample copy.
This health and safety consulting procurement research report offers a coverage of:
- Regional and global spend dynamics – US market overview
- Supplier cost breakup
- Input cost dynamics and total cost of ownership
Optimize category spend for health and safety consulting services
One of the best ways to reduce excess spend on health and safety consulting is to limit the number of senior partners in a project. By following this strategy, buyers can significantly reduce category costs since the service cost for each partner is significantly higher than an associate or a manager. Enterprises looking to purchase health and safety consulting services should, therefore, negotiate to maintain a low partner to consultant ratio, unless the project scope is wide.
This market intelligence report on health and safety consulting also offers a coverage of:
- Supplier-side levers
- Cost drivers impacting pricing
- Pricing models and buyer-side levers
Devise strategies based on regional spend data
The experts believe that Europe will exhibit the highest growth rate among all the other regions in the years to come. Much of this promising growth can be attributed to the implementation of supportive government policies. The market in this region is expected to surpass a growth rate of over 13%, which is much higher than the global average. This region, at least till 2020, will witness significant investments in R&D of safe technologies and health-related workplace norms.
Spend data offered in this health and safety consulting services procurement research report considers geographies such as:
- North America
- South America
Build strategies for effective supplier selection
Selecting a supplier on their capability to adhere to project timelines is a key step to reduce excess spend. The project timelines for health and safety programs are divided into milestones. The milestones get divided among the team members, and each milestone is tracked separately. Based on the criticality of the engagement, purchasers can select a minimum number of milestones from the critical timeline that must be met by the service provider.
This health and safety consulting sourcing and procurement report identifies the major costs incurred by suppliers and offers a coverage of:
- Supplier relationship management strategies
- Supplier market outlook – US market insights
- Technology-facilitated procurement strategies
Devise effective category management strategies for health and safety consulting services
Cost savings and service assurance are the two key parameters that buyers must focus on while establishing their procurement process for health and safety consulting services. To achieve this, a high degree of importance must be given to the T&M SLAs that provide flexibility for the assignment of time and resources for the engagement period. Any inconsistency in the quality of services can impact buyers' operations and finances negatively, given the criticality of health and safety services. Therefore, it can be stated that consistent track record of quality assurance and negligible bottlenecks are things that every procurement officer looks for when it comes to purchasing health and safety consulting services.
Key insights offered in this market intelligence report on health and safety consulting services will help the buyers identify:
- Risk management strategies
- Global and regional category risks
- Supplier and buyer KPIs
Identify key category enablers and best procurement models
According to the experts, following a center-led procurement strategy will help buyers achieve cost savings. Regional variations in regulatory requirements for the environment and the industry standards for occupational health and safety will make it mandatory for companies to follow a center-led procurement strategy.
This report offers information on the procurement models of top purchasers and includes an analysis of:
- Centralized models
- Center-led/ partially center-led models
- Decentralized models
- Coordinated models
Information on the top suppliers of health and safety consulting services and major risks faced while procuring health and safety consulting services is offered in this market intelligence report. Download a free sample to access the report’s complete scope of coverage.