Analytics & Business Process Development Market Procurement Intelligence Report

Access curated Analytics & Business Process Development procurement intelligence and solve all your questions on Analytics & Business Process Development procurement outlook, cost saving opportunities in Analytics & Business Process Development procurement and potential Analytics & Business Process Development partners.

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Scope of the report

This report on global Analytics & Business Process Development category is part of a larger series of reports on global Consultancy market. The scope of Consultancy spans multiple categories and is typically identified as a procurement category that includes all spend related to advisory and consulting services with respect to specific aspects or functions of the client with a stated objective and end result.

KEY PROCUREMENT INSIGHTS COVERED

Strategic Sourcing Guide to Analytics & Business Process Development Procurement

Overview

Several macro changes in the dynamics of overall Consultancy as well as Analytics & Business Process Development procurement trends are poised to change the business practices and procurement thumb rules. In a bid to broaden their service portfolio, Analytics & Business Process Development service providers are heavily investing in advanced technologies and tools such as RPA, AI, data analytics, and blockchain. This trend has a potential to increase their OPEX and in turn, procurement costs for buyers in the short term.

Many major Analytics & Business Process Development suppliers are seeking inorganic growth to diversify their services and gain access to new products and new technologies at a lower cost. The strategy serves consultancy companies well as they can pitch for a larger scope of work and truly become strategic partners of their clients.

The market is rapidly showing signs of a great divide - at one extreme is a low-cost market with almost commoditized services and at the other end is the market for high cost specialized services. Analytics & Business Process Development vendors are adopting starkly different business models and cost structures in an effort to address both the markets.

Category managers need to take note of the potential of these developments and reassess the changes required in their procurement practices.

Analytics & Business Process Development Procurement Best Practices

Analytics & Business Process Development procurement best practices are moving towards a level of sophistication which is typically seen in traditional procurement categories. Category managers now have an attractive opportunity to adapt the best practices seen within this category as well as those being leveraged in other non-related categories. This report summarizes the best practices picked from across multiple categories that could work well for category managers involved with Analytics & Business Process Development procurement strategy.

For example, Buyers should engage with service providers that can provide integrated services, including consulting, implementation, and support services.

Category managers must ensure that they have clearly identified and listed down potential negotiation levers to maximize the value of their category spend before entering into contract-related discussions with service providers. Common negotiation levers to maximize value include deadlines, terms related to payments, (including fees, expenses, and payment timelines) and assistance required from the buyer's organization.

Buyers must request for breakup costs for each service to gain better visibility into service providers pricing.


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Risks in Analytics & Business Process Development procurement

Analytics & Business Process Development procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Analytics & Business Process Development procurement. Some examples include:


  • Pricing terms in the contract could prove to be inadequate to safeguard the buyer from impact of a sudden increase in supplier's cost, often arising from a lack of clarity on scope of products or services to be delivered
  • When requirements of the buyers are not absolutely clear or usage patterns are not stable or predictable, suppliers often build in \"cost buffers\" for unforeseen risks due to a lack of complete understanding on buyer's requirements. This increases the risk of overspending on Analytics & Business Process Development
  • Rising labor costs may lead to increased procurement cost for buyers, especially with developed markets such as North America and Western Europe

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Who should read this report

  • Procurement decisions can prove to be costly in the absence of careful deliberation and evaluation of every available option. In fact, more than 90% of the decision makers we work with acknowledge that timely availability of up-to-date category intelligence can help them make better purchasing decisions. More than 80% of them believe that in-house category intelligence needs to be updated periodically to achieve full benefits. If you have read so far, we are quite sure you agree!!

    You may have just initiated your research to design a winning Analytics & Business Process Development procurement strategy, or you may be a category expert looking for strategic insights and updated data.Either ways, the report has your requirements covered.

    The report is intended to serve as a one-stop reference guide for Analytics & Business Process Development procurement strategy and offers a perfect blend of category basics with deep-dive category data and insights. Therefore, it is ideal for category beginners looking for “Analytics & Business Process Development: Procurement Report 101” as well as for category experts actively tracking the global Analytics & Business Process Development procurement market.

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Key questions on Analytics & Business Process Development procurement answered by this report


    The Analytics & Business Process Development procurement report helps take more informed decisions by placing all the critical information and advice at the fingertips of a decision maker. It also specifically answers some of the key questions that we have been routinely asked during our industry outreach initiatives:

     

    • What is the spend potential in the Analytics & Business Process Development market?
    • What is the correct price to pay for Analytics & Business Process Development? What are the key trends and factors that influence current and future pricing?
    • Which selection criteria are the most important for Analytics & Business Process Development Suppliers Market?
    • Who are the top Analytics & Business Process Development suppliers? What are their cost structures?
    • What are supplier margins in Analytics & Business Process Development market?
    • Which negotiation levers can reduce Analytics & Business Process Development procurement cost ?
    • What are the best practices for Analytics & Business Process Development procurement and what are the potential risks?

SpendEdge Insights has helped procurement professionals and sourcing teams manage multiple spend areas and achieve more than $2 billion in savings. Activate your free account today!

Analytics & Business Process Development Category Insights: What is inside

The Analytics & Business Process Development market report offers a complete picture of the supply market and analyzes the category from the perspective of both buyers and suppliers. Analysis of the category trends, procurement best practices, negotiation levers and overall category management strategy advisory are interspersed with in-depth data and commentary on spend outlook, pricing ecosystem and supplier landscape drilled down to a region-level coverage.

Data

A key highlight of this report is the in-depth outlook created on Analytics & Business Process Development procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Analytics & Business Process Development. A dedicated section to supplier profiles and evaluation helps decision makers cast a wider procurement net and identify gaps in existing relationships.

Insights

Along with specific category and supplier intelligence, the publication also includes curated insights on Analytics & Business Process Development market trends, price influencers and inherent risks. These insights help the decision makers prepare for market shaping trends in advance and create alternative strategies for changes in the market conditions.

Advisory

Additionally, the report also advises on the best practices and strategies to manage the Analytics & Business Process Development category efficiently. Negotiation levers and opportunities are explained in detail along with quantification of their potential. Benchmark KPIs for supplier and buyer performance management are also aggregated to better organize the category objectives. Other themes of advisory include ideal procurement organization structure, enablers to achieve KPIs or category objectives and ideal SLAs to have with suppliers.

Category Ecosystem

  • Buyer and supplier ecosystem
  • Competitiveness index
  • Buyer and supplier power
  • Threat of new entrants and substitutes

Global and Regional Sourcing Insights

  • Category spend
  • Spend growth
  • Dynamics
  • Opportunities

Pricing and Cost Analysis

    • Pricing outlook and data
    • Drivers of pricing
    • Cost structure and inputs cost
    • Total cost of ownership
    • Pricing models and margins

Cost Saving Opportunities & Negotiation Strategies

  • Buyer and supplier side levers
  • Quantified cost saving opportunities
  • Negotiation strategies and quantified outcome

Procurement Best Practices, Strategy and Enablers

  • Procurement excellence
  • Sustainability and innovation
  • KPIs and category enablers
  • Risk management and outsourcing

Vendor Analysis

  • RFx essentials and selection criteria
  • SLAs
  • Supplier evaluation metrics
  • Detailed supplier profiles

Our research is complex, but our reports are easy to digest. Quantitative analysis and exhaustive commentary is placed in an easy to read format that gives you an in-depth knowledge on the category without spending hours to figure out “what does it mean for my company?”

Category Research Framework


SpendEdge presents a detailed picture of Analytics & Business Process Development procurement solutions 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
Secondary research
Procurement heads
Industry journals and reports
Category managers
Periodicals and new articles
Sourcing consortium professionals
Category webinars
Industry experts and thought leaders
Internal categiry playbooks
Procurement managers
Industry/government websites on regulations, compliance
Category heads of suppliers
Internal databases
Client account heads/managers
Industry blogs/thought leader briefings
Client and industry consultants

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