ENABLING SMART PROCUREMENT

Global Toluene Category - Procurement Market Intelligence Report

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  • Published in: Aug 2017
  • Pages: 91
  • SKU: IRCMSTR14626

Global Toluene Category - Procurement Market Intelligence Report

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Single User: Allows a single employee of the organization to access the subscribed reports.

SpendEdge’s procurement research on the toluene market is an all-inclusive guide helping procurement professionals to make smart purchasing decisions. This report provides an in-depth analysis of the supply markets, pricing models, factors influencing purchasing decisions, sourcing and procurement best practices, 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

 

Toluene - Category Spend Analysis

According to SpendEdge analysts, one of the key growth contributors for the global toluene market is the growing demand from the automotive fuel industry. Governments in some countries have mandated the maintenance of a minimum octane level in automotive fuels such as gasoline, as lower the octane level of fuel, higher its CO₂ emission. Suppliers of automotive fuels can either improve the purity level of their fuels or use a high-octane additive such as toluene to increase their octane levels, and suppliers prefer the latter due to its overall cost-effectiveness. Toluene has an octane rating of 114, which is higher than ethanol, another popular additive for fuels.

Toluene - Procurement Best Practices

Buyers must procure toluene from suppliers that have adopted sustainability practices over the years. Some of these practices include procurement of renewable raw materials, investment in research on replacement of raw materials derived from crude oil, use of energy generated from renewable sources, and implementation of energy-efficient practices across the production facility, among others. This will help buyers achieve their sustainability goals and reduce the cost of procurement in the long run

Toluene - Procurement Challenges

A major procurement pain point experienced by the buyers is the additional investments in monitoring suppliers’ compliance with labor laws. It is pertinent for buyers to evaluate and assess suppliers’ compliance with labor laws and international standards regarding workplace conditions. If a case of non-compliance by suppliers is proven in the court, buyers may also face hefty penalties and fines from authority due to their negligence in ensuring their suppliers are complying the laws. Hence, buyers need to conduct periodic audits of suppliers' facilities in terms of compliance with labor laws.

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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

 

Toluene - Category Spend Analysis

According to SpendEdge analysts, one of the key growth contributors for the global toluene market is the growing demand from the automotive fuel industry. Governments in some countries have mandated the maintenance of a minimum octane level in automotive fuels such as gasoline, as lower the octane level of fuel, higher its CO₂ emission. Suppliers of automotive fuels can either improve the purity level of their fuels or use a high-octane additive such as toluene to increase their octane levels, and suppliers prefer the latter due to its overall cost-effectiveness. Toluene has an octane rating of 114, which is higher than ethanol, another popular additive for fuels.

Toluene - Procurement Best Practices

Buyers must procure toluene from suppliers that have adopted sustainability practices over the years. Some of these practices include procurement of renewable raw materials, investment in research on replacement of raw materials derived from crude oil, use of energy generated from renewable sources, and implementation of energy-efficient practices across the production facility, among others. This will help buyers achieve their sustainability goals and reduce the cost of procurement in the long run

Toluene - Procurement Challenges

A major procurement pain point experienced by the buyers is the additional investments in monitoring suppliers’ compliance with labor laws. It is pertinent for buyers to evaluate and assess suppliers’ compliance with labor laws and international standards regarding workplace conditions. If a case of non-compliance by suppliers is proven in the court, buyers may also face hefty penalties and fines from authority due to their negligence in ensuring their suppliers are complying the laws. Hence, buyers need to conduct periodic audits of suppliers' facilities in terms of compliance with labor laws.

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

PART 1: CATEGORY AT A GLANCE

  • TAKEAWAY 01 | Market Overview
  • TAKEAWAY 02 | Demand and Supply Snapshot
  • TAKEAWAY 03 | Key Market Dynamics
  • TAKEAWAY 04 | Supply Market Highlights
  • TAKEAWAY 05 | Pricing Insights
  • TAKEAWAY 06 | Procurement Insights

PART 2:  SCOPE OF THE REPORT

  • Category Definition
  • Research Methodology

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Category Maturity by Regions
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Other Prominent Suppliers by Region: Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Other Prominent Suppliers by Region: Functional Capability Matrix
  • Key Clients/Partners
  • Supplier Cost Breakup
  • Supplier Positioning Matrix

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Models – Pros and Cons
  • Indicative Pricing

PART 6: PROCUREMENT INSIGHTS

  • Major Category Requirements
  • Major Procurement Pain Points
  • Category Sourcing Evolution Matrix
  • Procurement Best Practices
  • Cost-saving Opportunities
  • Supplier Selection Criteria
  • Category Negotiation Strategies
  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis

PART 7: TOP FIVE SUPPLIERS

  • Royal Dutch Shell
  • ExxonMobil    
  • BP    
  • SK Group
  • CNPC 

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us
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PART 1: CATEGORY AT A GLANCE

  • TAKEAWAY 01 | Market Overview
  • TAKEAWAY 02 | Demand and Supply Snapshot
  • TAKEAWAY 03 | Key Market Dynamics
  • TAKEAWAY 04 | Supply Market Highlights
  • TAKEAWAY 05 | Pricing Insights
  • TAKEAWAY 06 | Procurement Insights

PART 2:  SCOPE OF THE REPORT

  • Category Definition
  • Research Methodology

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Category Maturity by Regions
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Other Prominent Suppliers by Region: Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Other Prominent Suppliers by Region: Functional Capability Matrix
  • Key Clients/Partners
  • Supplier Cost Breakup
  • Supplier Positioning Matrix

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Models – Pros and Cons
  • Indicative Pricing

PART 6: PROCUREMENT INSIGHTS

  • Major Category Requirements
  • Major Procurement Pain Points
  • Category Sourcing Evolution Matrix
  • Procurement Best Practices
  • Cost-saving Opportunities
  • Supplier Selection Criteria
  • Category Negotiation Strategies
  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis

PART 7: TOP FIVE SUPPLIERS

  • Royal Dutch Shell
  • ExxonMobil    
  • BP    
  • SK Group
  • CNPC 

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

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