Global Laboratory Equipment Services Category - Procurement Market Intelligence Report

Key insights to identify the category growth drivers, pricing models, and supplier negotiation strategies are available in this procurement report on laboratory equipment and services category.

  • Published: May 2018
  • Pages: 65
  • SKU: IRCMSTR10263
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Introduction

The supply market for laboratory equipment and services is competitive and will witness an increase in the spend potential over the next couple of years. This recent increase in the spend potential can be attributed to the growing demand for laboratory equipment services among the end-user segments. At present, chemical, food and beverage, and pharmaceutical are the key industries, which will boost the category spend over the next couple of years. This procurement report also offers detailed insights into the current supply market and the sustainability practices to help the buyers identify cost-saving opportunities.

Why should you buy the report?

This laboratory equipment and services procurement report offers a comprehensive analysis of the category growth drivers and the procurement best practices to help the buyers reduce spend. In this procurement report, the category spend is analyzed from the perspective of the buyers and the suppliers. The information offered in this procurement report will help the buyers:

  • Understand the spend potential within the laboratory equipment and services market
  • Compare pricing models
  • Identify the cost and the volume drivers impacting pricing
  • Assess the global and regional category risks
  • Understand the supply chain margins

Understand the global category spend        

The laboratory equipment and services category is anticipated to witness an increase in the global category spend until the next five years. This procurement report, which is an integral part of SpendEdge’s professional services, considers factors such as the increase in the lease of laboratory equipment among the end-user sectors to be one of the key factors boosting the category spend. In addition, the increasing focus of pharmaceutical companies on drug development will further boost the spend momentum in the market. Additional insights offered in this procurement report includes an analysis of:

  • Global spend on laboratory equipment and services for the period of 2017-2022
  • Global and regional spend segmentation
  • Buyer and the supplier ecosystem
  • Risk management strategies

Optimize category spend

In this procurement report on the laboratory equipment and services category, the buyers prefer to collaborate with the suppliers who have local distribution networks. This helps the buyers simplify the supply chain and save costs pertaining to logistics. To help buyers optimize the category spend, the laboratory equipment and services category procurement report also offers a coverage of:

  • Supplier and the buyer KPIs
  • Major category enablers
  • Strategic sustainability practices

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Understand the supply landscape

According to this procurement report, the buyers should evaluate the suppliers based on the suppliers responsiveness to factors such as emergencies. This helps the buyers to reduce operational downtime of the overall businesses. In addition, the buyers should also evaluate the suppliers based on their efficiency in the processing of warranty claims. The laboratory equipment and services procurement report also offers detailed information on:

  • Suppliers positioning strategy
  • Supplier ecosystem outlook
  • Margins of suppliers

Build effective category management strategies

A major category requirement for the buyers is to collaborate with the suppliers who provide value-additions such as extended warranties. This can help the buyers to achieve significant cost savings on TCO related to high-spend product categories. The procurement report on the laboratory equipment and services category also helps the buyers to analyze:

  • Category growth drivers
  • Global and regional category risks
  • Supplier selection criteria

An analysis of the top suppliers and their negotiation strategies are offered in this procurement report on the laboratory equipment and services market.

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PART 01: Executive Summary

PART 02: Market Insights

  • Global category spend
  • Category spend growth
  • Spend segmentation by region
  • Regional spend dynamics
  • Regional influence on global spend
  • Regional spend opportunity for suppliers

PART 03: Category Pricing Insights

  • Pricing outlook
  • Supplier cost structure
  • Outlook for input costs
  • Total cost of ownership analysis
  • Overview of pricing models
  • Comparison of pricing models
  • Supply chain margins
  • Cost drivers impacting pricing
  • Volume drivers impacting pricing

PART 04: Cost-Saving Opportunities

  • Supplier side levers
  • Buyer side levers
  • Quantifying cost-saving opportunities
  • Quantifying cost savings by negotiation strategies

PART 05: Best Practices

  • Innovation and success stories
  • Procurement excellence best practices
  • Procurement best practices
  • Sustainability practices

PART 06: Category Ecosystem

  • Market favorability index for suppliers
  • Competitiveness index for suppliers
  • Buyer power
  • Supplier power
  • Threat of new entrants
  • Threat of substitutes
  • Buyer ecosystem
  • Supplier ecosystem

PART 07: Category Management Strategy

  • Category management objectives
  • Supplier and buyer KPIs
  • Outsourcing category management activities
  • Risk management

PART 08: Category Management Enablers

  • Procurement organization
  • Category enablers

PART 09: Suppliers Selection

  • RFx essentials
  • Supplier selection criteria
  • Service level agreement
  • Incumbent supplier evaluation metrics

PART 10: Suppliers Under Coverage

  • Overview
  • Supplier positioning
  • Profile: Thermo Fisher
  • Profile: Danaher
  • Profile: Agilent
  • Profile: WATERS
  • Profile: Hitachi High-Technologies
  • Profile: PerkinElmer

PART 11: US Market Insights

  • Category spend in US
  • Price outlook
  • Supplier cost structure in US
  • Margins of suppliers in US
  • Category cost drivers
  • Category volume drivers
  • Overview of best practices in US
  • Procurement best practices in US
  • US supply market overview
  • Supplier positioning for US
  • Regional category risks

PART 12: Category Definition

  • Category hierarchy
  • Category scope
  • Category map

PART 13: Appendix

  • List of abbreviations
  • Key Notes
  • Global category spend (2017-2022)
  • Category spend growth (2017-2022)
  • Regional spend dynamics
  • Regional spend dynamics
  • Comparison of category maturity across regions
  • Regional spend opportunity for suppliers (2017-2022)
  • Category pricing dynamics
  • Supplier cost breakup
  • Input cost dynamics
  • Total cost of ownership model
  • Benefit comparison of pricing models
  • Pricing models – Comparison matrix
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Cost-saving opportunities: Supply side levers
  • Cost-saving opportunities: Demand side levers
  • Cost-saving opportunity matrix
  • Negotiation grid
  • Innovation and success stories
  • Procurement excellence summary: Impact on category
  • Supplier relationship management metrics
  • Strategic sourcing and category management metrics
  • Technology-facilitated procurement metrics
  • Procurement best practices dashboard
  • Sustainability practices: Impact on category
  • Sustainability best practices
  • Market environment score
  • Market competitiveness score
  • Buyer power score
  • Supplier power score
  • Ease of market entry score
  • Ease of substitution score
  • Buyer ecosystem: Outlook
  • Supplier ecosystem: Outlook
  • Ecosystem disruption threats
  • Key category management objectives
  • Supplier KPI dashboard: Importance for category
  • Buyer KPI dashboard: Importance for category
  • Category management enablers
  • Risk management matrix
  • Category enablers: Organization
  • Category enablers: Technology
  • RFx questions
  • Phase I RFI considerations
  • SLA terms
  • Supplier performance benchmarking criteria
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Thermo Fisher – Key information dashboard
  • Danaher – Key information dashboard
  • Agilent – Key information dashboard
  • WATERS – Key information dashboard
  • Hitachi High-Technologies – Key information dashboard
  • PerkinElmer – Key information dashboard
  • US category spend (2017-2022)
  • Category pricing dynamics
  • Supplier cost breakup
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Procurement excellence summary: Impact on category
  • Supplier relationship management
  • Strategic sourcing and category management
  • Technology-facilitated procurement
  • Procurement best practices dashboard
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Risk management matrix
  • Category definition
  • Category nuances
  • Importance of category relative to other categories0

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings

DATA ANALYSIS

SpendEdge INSIGHTS

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