Key findings: Maintenance repair and operations services
Analysis of the cost and volume drivers and supply market forecasts in various regions are offered in this maintenance repair and operations services sourcing and procurement report. This market intelligence report also analyzes the US supply market and the critical cost drivers that can aid buyers and suppliers devise a cost-effective category management strategy.
The recent increase in the frequency of air travel has called for a sharp rise in the production lines at aircraft, engine, and component manufacturers' premises for the commercial aviation sector. Subsequently, this is creating a demand for various maintenance repair and operations services, thus accelerating the category spend momentum. Analysis of the current supply market trends reveals that service providers are integrating their services which include material outsourcing services and customized solutions. These integrated services are attracting a substantial customer base, thereby; supplementing the category growth.
To know more about the year-over-year spend growth rate, download a free sample report.
This maintenance repair and operations services sourcing and procurement report offers actionable insights into the global spend potential and the leading services providers. An analysis of the supply market trends will help buyers to improve their procurement process and guide them in developing effective category management strategies. In this procurement market intelligence report, the category spend is analyzed from the perspective of the buyers and the suppliers.
Our portfolio of reports for the facility management category help buyers understand:
- Global and regional spend potential for maintenance repair and operations services for the period of 2017-2022
- Identify the procurement best practices
- Analyze the sustainability best practices
- Assess the category pricing strategies
Analyze the global category spend for maintenance repair and operations services
The high demand for predictive maintenance services from end-user industries like chemicals, automobile, and pharmaceuticals will increase the global category spend rate in the coming years. However, factors like unstable government policies, complex supply chain, lack of skilled labor, and others pose as some of the critical pain-points for any potential investor in this market.
For more information on the exact spend growth rate and yearly category spend, download a free sample.
This sourcing and procurement report offers coverage of:
- Regional spend dynamism and factors impacting costs
- Category hierarchy map
- Supply chain margins
- Buyer and the supplier ecosystem
Optimize category spend for maintenance repair and operations services
Implementing the appropriate supply model has proven to be functional in controlling the future MRO spend. In line with this, specialist, integrator, and hybrid are the supply models recommended in this market intelligence report that is based on the buyer’s spend profile, service needs, and stakeholder expectations. Buyers that spend majorly on non-technical categories are advised to implement an integrator model that can aid them to negotiate for discounts due to the volume of purchase. On the other hand, buyers that typically spend more on technical categories must follow either the specialist or hybrid models as they offer improved service along with standardized pricing.
This market intelligence report also offers coverage of:
- Procurement organization objectives
- Supplier and the buyer KPIs
- Major category enablers
Assess category spend for the US region
The slowdown in the manufacturing industry coupled with skyrocketing input costs, lack of skilled labor, increasing compliance costs will impact the category growth in the US. However, in an attempt to support category growth, service providers are offering value-added services, such as VMI, performance analytics, storeroom management, warehouse management, and catalog management. The growing demand form the aviation industry will also continue promoting the category growth in the US.
Additional information offered in this market intelligence report will help buyers analyze:
- Margins of suppliers in the US
- Category spend in the US
- Price outlook and forecasts until 2023
Build strategies for effective supplier selection
Data management and analytical capabilities of the MRO service providers play crucial roles in aiding buyers in maintenance planning, budget forecasting, and long-term category planning. Such capabilities allow the service providers offer reliable MRO recommendations in tune with buyer’s operations and requirements. This, in turn, will benefit buyers with a boost in production efficiency, and consequently, increase category sales.
This sourcing and procurement report identifies the major costs incurred by suppliers and provides additional information on:
- Supplier’s positioning strategy
- Supplier evaluation criteria
- Supplier ecosystem outlook
Devise effective category management strategies for maintenance repair and operations services
In this highly labor-sensitive market, it is imperative that buyers must ensure a high resource utilization rate to generate efficient service. To achieve the same, category managers are advised to ensure that the service providers follow the parameters listed below:
- Ensuring employees have required credentials
- Providing training on handling the latest technologies to improve workforce skills
- Improving planning according to timesheet records
Key insights offered in this market intelligence report will help the buyers identify:
- Global and regional category risks
- Strategic sourcing metrics
- Market environment score
Determine the spend dynamics for key geographies
MRO service providers in North America and Europe are implementing advanced technologies such as 3D printers and scanner and adoption for e-Procurement to limit the response time taken by them. This will improve the service rendered and augment the category sales in those regions. The rapid rise in manufacturing activities along with the availability of a wide range of value-added services, including VMI, deadstock management, demand forecasting, and performance analytics will favor the category spend momentum in APAC.
Key geographies analyzed in this market intelligence report include the following:
- North America
- South America
Information on the top maintenance repair and operations services providers and major risks faced while procuring maintenance repair and operations services are offered in this market intelligence report. Download a free sample to access the report’s complete scope of coverage.
Key Features of Report
Procurement Best Practices
Cost Saving Opportunities
Supplier Capability Matrix
Maintenance Repair and Operations Services - Category Spend Analysis
According to this maintenance repair and operations services procurement research report, one of the key growth contributors for the maintenance repair and operations (MRO) services supply market is the increase in manufacturing activities across markets such as China and India. In addition, increasing demand for rapid delivery of manufactured products/services to the marketplace to maintain a competitive edge will drive the overall growth of the market.
MRO Services – Procurement Best Practices
Buyers must clearly define clauses pertaining to the ownership of sub-contracting services that are not a part of their preferred supplier portfolios. Also, defining clauses ensures consistency in services from sub-contracted firms. For instance, buyers can control sub-contracting of maintenance activities in regions where it is not a part of the supplier’s portfolio.
MRO Services - Procurement Challenges
Based on the analysis in this market intelligence report, an influencing procurement pain point experienced by the buyers is the management of supply chain. To mitigate the challenge, procurement specialists must adopt integrated engagement to reduce complexities. Managing budget is another prominent challenge hindering the growth of the market. To efficiently manage a budget, procurement specialists should adopt e-procurement solutions and estimate costs and requirements accurately.
Click here to view the complete list of MRO supplies vendors.