Access curated Corporate Strategies procurement intelligence and solve all your questions on Corporate Strategies procurement outlook, cost saving opportunities in Corporate Strategies procurement and potential Corporate Strategies partners.
GET FREE SAMPLEOur category grouping process defines that the overall Consultancy market 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. Dynamics of the global Corporate Strategies market play out within this wider arena of Consultancy market. Therefore, our coverage of the Corporate Strategies category also operates within this broader boundary of the overall Consultancy market.
A changing ecosystem within the Consultancy market also affects the procurement process, cost dynamics and supplier attractiveness for the buyers of Corporate Strategies. There are only a handful of \"Tier 1\" vendors in the Corporate Strategies market and they have traditionally enjoyed a premium in their pricing. However, Tier 2 suppliers are giving them a tough competition now as they can provide similar services at a lower cost. Many tier 2 suppliers achieve this parity by finding right talent at a relatively lower cost and maintaining lean operations without any frills.The concept of virtual firms is getting popular. By placing the entire infrastructure in cloud services, and utilizing a small number of physical offices, Corporate Strategies suppliers are trying to cut their costs and developing cost competitive propositions for buyers.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. Corporate Strategies vendors are adopting starkly different business models and cost structures in an effort to address both the markets.
It has become imperative for category managers to remain as agile as possible in terms of their procurement practices. However, it is not always easy to quickly spot and implement alternative practices in a category like Corporate Strategies. To help quick decision making, this report advises on several procurement best practices that have worked well for category managers. For example, Buyers need to adopt a single sourcing model instead of sourcing from different consultants to strengthen their partnership with the selected service provider. This also reduces management complexity, as they need to deal with a single Point of contact.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.Adequate RFP response time should be built in for prospective suppliers to enable them understand the scope and performance requirements.
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Corporate Strategies procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Corporate Strategies procurement. Some examples include:
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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 Corporate Strategies 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 Corporate Strategies 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 “Corporate Strategies: Procurement Report 101” as well as for category experts actively tracking the global Corporate Strategies procurement market.
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The Corporate Strategies 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:
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The Corporate Strategies 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.
A key highlight of this report is the in-depth outlook created on Corporate Strategies procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Corporate Strategies. A dedicated section to supplier profiles and evaluation helps decision makers cast a wider procurement net and identify gaps in existing relationships.
Along with specific category and supplier intelligence, the publication also includes curated insights on Corporate Strategies 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.
Additionally, the report also advises on the best practices and strategies to manage the Corporate Strategies 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.
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?”
SpendEdge presents a detailed picture of Corporate Strategies 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.
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