ENABLING SMART PROCUREMENT

  • Published in: Aug 2017
  • Pages: 70
  • SKU: IRCMSTR14629

Global Lubricants Category - Procurement Market Intelligence Report

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SpendEdge’s procurement research report on the global lubricants market is an all-inclusive guide enabling sourcing and procurement leaders to make smart purchasing decisions. This report provides a strategic analysis of the supply markets, factors influencing procurement decisions, procurement best practices, pricing models, supplier landscape and an analysis of the supplier capability matrix.

Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Lubricants - Category Spend Analysis

According to procurement analysts at SpendEdge, the widespread use of lubricants in the medical sector is one of the key growth drivers for this market. Technological developments have helped in the invention of medical devices, which is required to address the increasing rate of illness in people across the globe. Increased use of electromechanical devices in hospitals, which are used for medical examinations and surgical procedures, has driven the demand for lubricating products from this sector over the past 5 years. This is mainly due to the ability of lubricants to provide benefits such as enhancement in the performance and reduction in wear and tear and noise arising from these devices. Synthetic lubricants, surgical lubricants such as surgilube (made of natural-water soluble gums), K-Y jelly, medicinal castor oil, and greases are the most common types of lubricants that are used in medical examinations and in devices used in medical procedures

Lubricants - Procurement Best Practices

Buyers must adopt effective practices that allow them to exert better control over service providers, irrespective of the prevailing market conditions, as this will help them with the improved management of their category spend.

One of the best procurement practices is to evaluate the performance criteria for the selection of lubricants. The prerequisites for buying any type of lubricants is to identify the criteria on which they should be evaluated to ensure suitability with requirements. These evaluation criteria will help buyers in listing down suppliers that can fulfill their specific requirements. Viscosity of the lubricant, flash point and melting point of the lubricant, and suitability of lubricant with equipment for which it is procured are some of the primary aspects to evaluate a lubricant.

Lubricants - Procurement Challenges

This procurement intelligence report on the lubricants market provides some of the challenges faced by buyers such as a lack of product awareness, determining the compatibility of usage, and lack of knowledge on usage.

A key procurement pain point experienced by procurement managers is the lack of technical knowledge in selecting appropriate lubricants. In the global lubricants market, there are numerous suppliers offering a wide range of lubricating products with different specifications and quality levels. Hence, it becomes difficult for buyers to gain in-depth information about all the products available in the market and select the most appropriate one. There is a probability that buyers choose a wrong product for a said application, which may lead to loss or damage to equipment. This also results in buyers hiring consultants, which increases the cost of procurement.

 

SpendEdge also offers customization of this report to meet your exact requirements. Please contact us at enquiry@spendedge.com

Are you an Enterprise User? Try our annual subscription services offering unlimited access to SpendEdge reports. Click here to register for trial/demo.  

Read less

Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Lubricants - Category Spend Analysis

According to procurement analysts at SpendEdge, the widespread use of lubricants in the medical sector is one of the key growth drivers for this market. Technological developments have helped in the invention of medical devices, which is required to address the increasing rate of illness in people across the globe. Increased use of electromechanical devices in hospitals, which are used for medical examinations and surgical procedures, has driven the demand for lubricating products from this sector over the past 5 years. This is mainly due to the ability of lubricants to provide benefits such as enhancement in the performance and reduction in wear and tear and noise arising from these devices. Synthetic lubricants, surgical lubricants such as surgilube (made of natural-water soluble gums), K-Y jelly, medicinal castor oil, and greases are the most common types of lubricants that are used in medical examinations and in devices used in medical procedures

Lubricants - Procurement Best Practices

Buyers must adopt effective practices that allow them to exert better control over service providers, irrespective of the prevailing market conditions, as this will help them with the improved management of their category spend.

One of the best procurement practices is to evaluate the performance criteria for the selection of lubricants. The prerequisites for buying any type of lubricants is to identify the criteria on which they should be evaluated to ensure suitability with requirements. These evaluation criteria will help buyers in listing down suppliers that can fulfill their specific requirements. Viscosity of the lubricant, flash point and melting point of the lubricant, and suitability of lubricant with equipment for which it is procured are some of the primary aspects to evaluate a lubricant.

Lubricants - Procurement Challenges

This procurement intelligence report on the lubricants market provides some of the challenges faced by buyers such as a lack of product awareness, determining the compatibility of usage, and lack of knowledge on usage.

A key procurement pain point experienced by procurement managers is the lack of technical knowledge in selecting appropriate lubricants. In the global lubricants market, there are numerous suppliers offering a wide range of lubricating products with different specifications and quality levels. Hence, it becomes difficult for buyers to gain in-depth information about all the products available in the market and select the most appropriate one. There is a probability that buyers choose a wrong product for a said application, which may lead to loss or damage to equipment. This also results in buyers hiring consultants, which increases the cost of procurement.

 

SpendEdge also offers customization of this report to meet your exact requirements. Please contact us at enquiry@spendedge.com

Are you an Enterprise User? Try our annual subscription services offering unlimited access to SpendEdge reports. Click here to register for trial/demo.  

Table of Contents

PART 1: SUMMARY

  • Research Objectives and Methodology         
  • Category Definition

PART 2: CATEGORY AT A GLANCE            

  • Market Overview    
  • Preferred Procurement Models and Major Service Providers
  • Cost-saving Opportunities   
  • Major Category Requirements          
  • Major Procurement Pain Points        

PART 3: MARKET INSIGHTS        

  • Category Spend Analysis      
  • Key Market Developments 
  • Key Category Growth Drivers             
  • Major Category Growth Constraints
  • Procurement Best Practices
  • History of Innovation            
  • Key Current Technological Innovations          
  • Major Regulatory Frameworks          
  • Strategic Sustainability Practices       
  • SWOT Analysis         
  • PESTLE Analysis        

PART 4: SUPPLY MARKET INSIGHTS        

  • Supplier Operational Capability Matrix           
  • Supplier Functional Capability Matrix             
  • Key Clients 
  • Supplier Cost Breakup           
  • Supplier Positioning Matrix 
  • Supplier Selection Criteria   

PART 5: PRICING INSIGHTS         

  • Pricing Models Snapshot     
  • Pricing Models – Pros and Cons        
  • Indicative Pricing     
  • Category Negotiation Strategies       

PART 6: CATEGORY ESSENTIALS

  • SLA Terms  
  • Supplier Evaluation Criteria 
  • Category Risk Analysis           
  • Category Sourcing Evolution Matrix

PART 7: TOP FIVE SUPPLIERS     

  • Royal Dutch Shell
  • ExxonMobil
  • BP    
  • PETRONAS
  • Total

PART 8: APPENDIX         

  • Glossary
  • About Us     
Read less

Table of Contents

PART 1: SUMMARY

  • Research Objectives and Methodology         
  • Category Definition

PART 2: CATEGORY AT A GLANCE            

  • Market Overview    
  • Preferred Procurement Models and Major Service Providers
  • Cost-saving Opportunities   
  • Major Category Requirements          
  • Major Procurement Pain Points        

PART 3: MARKET INSIGHTS        

  • Category Spend Analysis      
  • Key Market Developments 
  • Key Category Growth Drivers             
  • Major Category Growth Constraints
  • Procurement Best Practices
  • History of Innovation            
  • Key Current Technological Innovations          
  • Major Regulatory Frameworks          
  • Strategic Sustainability Practices       
  • SWOT Analysis         
  • PESTLE Analysis        

PART 4: SUPPLY MARKET INSIGHTS        

  • Supplier Operational Capability Matrix           
  • Supplier Functional Capability Matrix             
  • Key Clients 
  • Supplier Cost Breakup           
  • Supplier Positioning Matrix 
  • Supplier Selection Criteria   

PART 5: PRICING INSIGHTS         

  • Pricing Models Snapshot     
  • Pricing Models – Pros and Cons        
  • Indicative Pricing     
  • Category Negotiation Strategies       

PART 6: CATEGORY ESSENTIALS

  • SLA Terms  
  • Supplier Evaluation Criteria 
  • Category Risk Analysis           
  • Category Sourcing Evolution Matrix

PART 7: TOP FIVE SUPPLIERS     

  • Royal Dutch Shell
  • ExxonMobil
  • BP    
  • PETRONAS
  • Total

PART 8: APPENDIX         

  • Glossary
  • About Us     

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