Global Oilfield Services Category - Procurement Market Intelligence Report

A comprehensive analysis of the impact of various cost drivers and other socio-economic factors has been offered in this procurement report on oilfield services. It also highlights the critical supplier selection insights that will guide the investors in partnering with the right oilfield services companies.

  • Published: Nov 2018
  • Pages: 108
  • SKU: IRCMSTR14790-1
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Market Overview: Oilfield services

The market for oilfield services has exhibited extreme volatility owing to the socio-economic and political scenario of the world. There is no doubt about the fact that with the rapid progress of civilizations and its subsequent range of needs, the market for oilfield services will experience a steady and a skyrocketing demand. However, such possibilities might not lead to a risk-free and a steady business growth in this volatile dynamic market. By assessing the various gradients of this market, this procurement market research report suggests that the gradual recovery of the oil and gas prices will majorly contribute to the demand of the oilfield services. In addition, innovations done to improve the safety and efficiency in the deployment of the oilfield services will drive the category demand during the forecast period. This procurement market research report also offers detailed insights into the top oilfield services companies and identifies the key category growth drivers to help the buyers reduce spend.

Why should you buy the report?

This procurement market analysis offers an evaluation and forecast of a varied range of market scenarios of the oilfield services across the energy value chain. Employing robust forecasting and market analytics tools, this procurement market analysis report strives to expand the understanding of this market from a microeconomic to a macroeconomic perspective. It also offers detailed information on the category pricing strategies to help the buyers achieve cost-savings. In addition, a coverage of the sustainability practices and the risk management/mitigation strategies to improve category spend is also offered in this report. In this procurement market analysis report, the category spend is analyzed from the perspective of the buyers and the suppliers.

Key insights offered in this procurement market research report will help the buyers:

  • Understand the spend potential within the oilfield services market
  • Assess the supply chain margins
  • Analyze the global and regional spend opportunity
  • Compare pricing models

Understand the global category spend for the market for oilfield services

According to this procurement intelligence report, which is a part of SpendEdges chemicals category, the increasing exploration of oil and gas from shale reserves across the world is accelerating the category spend growth rate for oilfield services.

Additional insights offered in this procurement intelligence report include:

  • Global spend on oilfield services for the period of 2017-2022
  • Category hierarchy map
  • Category pricing strategies
  •  Buyer and the supplier ecosystem

Optimize category spend for the market of oilfield services

Efficiency and experience of personnel such as mud engineers, motormen, and drillers play and crucial roles in fostering an effective utilization of the oilfield services procured. Their expertise sheds light on the service providers operational procedures and optimal response to emergencies during drilling operations. Therefore, the buyers are advised to evaluate the expertise of the personnel prior to engaging with oilfield services companies.

This oilfield services procurement intelligence report also offers a coverage of:

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

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Understand the oilfield services supply landscape

In highly regulated oilfield services industry, the investors often end up incurring costly litigations which consequently tarnishes the brand reputation. Therefore, our procurement experts advise the buyers to engage with service providers who pledge complete compliance with all the federal and domestic environmental regulations.

This procurement report also identifies the major costs incurred by the suppliers and offers a coverage of:

  • Suppliers positioning strategy
  • Supplier evaluation criteria
  • Supplier ecosystem outlook

Build effective category management strategies for the market of oilfield services

Topline growth is a key factor that is known to boost profitability. Thus it is advised that the category managers focus on innovations that aid in enhancing the production efficiency of the extraction and production processes.

Key insights offered in this procurement report on oilfield services will help the buyers identify:

  • Global and regional category risks involved in the sheet metal market
  • Strategic sourcing metrics
  • Market environment score

 

An analysis of the top oilfield services companies and the best negotiation levers are offered in this procurement report on the oilfield services.

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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: SCHLUMBERGER
  • Profile: BAKER HUGHES
  • Profile: HALLIBURTON
  • Profile: NOV
  • Profile: WEATHERFORD
  • Profile: TechnipFMC

PART 11: US Market Insights

  • Category spend in the US
  • Price outlook
  • Supplier cost structure in the US
  • Margins of suppliers in the US
  • Category cost drivers
  • Category volume drivers
  • Overview of best practices in the US
  • Procurement best practices in the US
  • US supply market overview
  • Supplier positioning for the 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 (2018-2023)
  • Category spend growth (2018-2023)
  • Regional spend dynamics
  • Regional spend dynamics
  • Comparison of category maturity across regions
  • Regional spend opportunity for suppliers (2018-2023)
  • 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 the category
  • Supplier relationship management metrics
  • Strategic sourcing and category management metrics
  • Technology-facilitated procurement metrics
  • Procurement best practices dashboard
  • Sustainability practices: Impact on the 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 the category
  • Buyer KPI dashboard: Importance for the 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
  • SCHLUMBERGER– Key information dashboard
  • BAKER HUGHES – Key information dashboard
  • HALLIBURTON – Key information dashboard
  • NOV – Key information dashboard
  • WEATHERFORD– Key information dashboard
  • TechnipFMC – Key information dashboard
  • US category spend (2018-2023)
  • Category pricing dynamics
  • Supplier cost breakup
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Procurement excellence summary: Impact on the 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 categories

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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