Tag: supplier engagement models

IR14

The Growth of the Construction Industry Driving the Demand for Isocyanates

SpendEdge Procurement Market Intelligence InfographicsLondon, May 11, 2018: The increasing demand from the construction industry due to rise in infrastructural development in regions such as APAC and South America increases the demand for paints, which is a major end-product of isocyanates. This will consequently result in the overall market growth of isocyanates.

SpendEdge’s latest procurement research report on the global isocyanates market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the chemicals, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

“The construction industry contributed to nearly 34%–36% of the global isocyanates consumption in 2017, which makes it a major end-user industry. Isocyanates are mainly used in this industry for applications including paints, adhesives, flooring, furnishing, and sealants for wooden furniture.” – Bhuvaneshwari Udayakumar, chemicals expert at SpendEdge.

Buyers often face challenges related to the high toxicity of isocyanates, which leads to increase in the toxicity of end-products. The high toxicity of end-products leads to delay or denial of products in the market by government authorities. This consequently results in low sales of buyers’ products.

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This procurement report on the isocyanates market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

Get unlimited access to all our reports. Get access to our reports to gain insights, platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now


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IR15

Increasing Spend from Sports and Media Industry Driving the Demand for Wearable Cameras

SpendEdge Procurement Market Intelligence InfographicsLondon, May 09, 2018: Sports and media industries will likely contribute nearly 52% share to the global wearable camera category during the forecast period. The increasing spend from these end-user industries across North America and Europe is expected to drive the demand for wearable cameras during the forecast period. In addition, value-added product features such as instant media sharing, and customization of settings related to widgets and transfer medium will result in high demand for wearable cameras from media and entertainment industries.

SpendEdge’s latest procurement research report on the global wearable camera market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the information technology, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

“The rise in product life cycle will constraint the market growth toward the end of the forecast period. Growing awareness about the product will boost the sales of wearable cameras in developing regions such as APAC and South America during the forecast period.” – Bhuvaneshwari Udayakumar, information technology expert at SpendEdge.

Buyers in the wearable camera market should collaborate with suppliers on a long-term basis. This type of collaboration will aid them to attain high negotiation power, which leads to cost-savings. In addition, it helps in drafting better product requirements for buyers.

Need more insights on this report?

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This procurement report on the wearable camera market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

Get unlimited access to all our reports. Get access to our reports to gain insights, platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now


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IR15

Supplier Relationship Management Helps a Global Retail Company Build Competitive Strategies

Category Overview

The retail industry includes establishments that are involved in selling commodities or merchandise for household or personal consumption, primarily consisting of apparel and accessories, technology, food and beverages, home improvement, specialty, pharmaceuticals, and others. The rising population, GDP growth, greater disposable income, and increasing consumer spending are fuelling the global retail market and providing opportunities for the retail segment players. However, the global economic recession, inflation, and high unemployment rates are some of the challenges that are negatively affecting this industry segment. As a result of such challenges, many retail firms have started opting for supplier relationship management to cut costs and improve relationships with their suppliers.

The Procurement Pain Point and Insights Offered

A global retail firm wanted to reshape the relationship with the suppliers to create a win-win situation and increase the profitability of both parties. Additionally, the client also wanted to gain insights on the value creation framework for the suppliers and customers. Furthermore, they wanted to identify the potential areas of risk in the value chain and wanted to gain a deeper understanding of the latest trends and developments in the market.SE_Demo2

The supplier relationship management analysts at SpendEdge carried out an in-depth two step research methodology, which included qualitative and quantitative assessments, to cater to the specific category requirements of the client. During this study, the client was able to identify the scope and economic flows in the relationships and the value that was currently being created and captured. Additionally, the client also gained insights on the control points in the value chain. Furthermore, the portfolio analysis in this study also provided a clear representation of the qualified merits and possible prioritization of the opportunities.

Key questions answered in this supplier relationship management case study include

supplier relationship management 

Business Outcome

This supplier relationship management engagement helped the client to increase savings and boost the revenue generating opportunities. Additionally, the client was offered suggestions on the associated road maps, laying out the implementation steps and the necessary organizational changes required to seize such opportunities.

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Procurement Market Intelligence Solutions – Cost Optimization of Legal Services for IT Service Providers

SpendEdge’s procurement market intelligence study on legal services for a leading IT service provider identifies the top suppliers of legal services, provides costs management, analyses competitive landscape, and offers price negotiations.

Market landscape for legal services

Legal services provide advisory and technical assistance and representation services on legal disciplines for industries. These services are diverse and offer services on various verticals of the legal spectrum that includes corporate, labor, real estate, international trade, intellectual property, industrial, bankruptcy, and taxation law. The rise in the number of new business opportunities, dynamic regulatory requirements across multiple countries, and growing focus on effectiveness in service performance is driving the market for legal services. The exponential industrial development across various countries in the world is attributing to the demand for procurement solutions that analyze the emerging industry trends, and best in class business strategies in the legal sector. The recent procurement market intelligence study by SpendEdge offers various cost optimization services to buyers of legal services with better management, huge cost savings opportunities, and value benefits. The study also offers an exhaustive assessment of the legal services market across the globe.

Globalization is resulting in sourcing and allocation of work to low cost, emerging countries in the APAC region. India and China are the hubs for outsourced services, and legal services are gaining momentum in these countries. This is a value-based approach that enables highly strategic legal functions at competitive prices and in accurate volumes. These initiatives will result in cost saving and provide avenues for sourcing specialized services from different countries across the world. The patent filling is the most common legal service that is outsourced currently.

Focus on cyber security

Cyber-attacks and virus threats are plaguing different services across industries. Digitalization and increasing volume of data are encouraging service providers to take steps to secure their databases. Legal firms are sorting out digital solutions to alleviate system protection, manage maintenance, and deal with the downtime. The emergence of secure digital solutions will encourage organizations to meet industry security requirements for data breach and prevention. The increasing number of threats is also boosting the requirement of legal services that specialize in dealing with cyber security laws.

Request Free ProposalCreating a brand identity

The increasing competition and growing need to increase consumer base are fueling the need to create stronger brand identities. Leading organizations are leveraging social media and other digital tools such as blogs and podcasts to connect and offer services to a larger clientele. These mediums are cost effective ways to increase connectivity and retain their existing customers. By improving brand identity, organizations are witnessing faster business development and increased profitability. Legal firms are also leveraging these channels to offer low-cost services and detailed information on their service lines to attract more consumers.

Solutions SpendEdge offer to businesses

SpendEdge’s procurement market intelligence study for legal services offers insights into the supply market, supplier engagement models, cost-saving opportunities, procurement best practices, and price negotiation strategies. The solutions offered are listed below:

  • Deliver better category strategies, understand supplier and market challenges, enhance savings, and implement best sourcing practices
  • Provide a better understanding of the supply market landscape of legal services
  • Offer services to manage cost and negotiate price, manage purchasing process efficiently, devise risk mitigation strategies, and measure the best value
  • Deliver information on vendor capabilities, procurement market insights, cost-saving opportunities, and the top suppliers

Read our complete case study titled – Procurement Market Intelligence Solutions Helps a Leading IT Service Provider

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