Course Catalog | Market, Trends, Growth | Suppliers Analysis

Strategic Sourcing Guide to Course Catalog Procurement

Overview

The market for Development and Training and its sub-segments such as Course Catalog are at an interesting intersection. Integration of the latest technology in learning requires significant investments and therefore procurement costs are expected to rise for learning modules based on advanced technologies. In the long run, buyers could see stable pricing as suppliers recover their technology cost.

The market for e-learning services is exploding in developed and developing economies alike. L&D possibilities enabled by gamification, LMS apps and new content delivery methods have impacted the procurement of Course Catalog in a massive way.

Some suppliers are using advanced technologies such as AR/VR in their learning programs and methods. This has the potential to enhance the learning experience, but category managers need to be aware of the higher cost and technological capabilities of the vendor to properly integrate these technologies in the right context.

Trends like these and many others discussed in this report are necessitating a relook at the way Course Catalog is procured and the procurement cost saving opportunities that exist.

Course Catalog Procurement Best Practices

The report discusses in detail the best practices that have served well the category managers responsible for Course Catalog procurement.

For example, Category managers should evaluate the RFQ's from service providers against the industry benchmarks as this helps buyers to gain a better understanding of the market prices and save costs.

Buyers should prefer to collaborate with service providers that offer one-stop solutions for L&D to avail significant cost savings through L&D consolidation. This includes learning planning and curriculum design, custom content design and development, user and administration training, and content management services.

Buyers should engage with service providers that offer interactive training solutions such as gamification, VR, and interactive videos to simulate real-world applications. These solutions are known to improve the effectiveness of learning programs.

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Risks in Course Catalog procurement

Course Catalog procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Course Catalog procurement. Some examples include:

Loss or misuse of sensitive information of buyers, such as data on workforce, clients, and other vendors, is a potential risk
Contract-related risks where unfavorable credit terms may severly penalize buyers for delayed payments or entitle the supplier to demand pre-payments or shorten the payment terms are not very common in the category but they do exist in certain situations where buyers' liquidity or financial health is in question
The corporate learning and development industry is affected by the economic upturns and downturns of their clients, as these can lead to budget cuts for outsourcing of training and decline in technological spend

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Who should read this report

The report is intended to serve as a one-stop reference guide for Course Catalog 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 “Course Catalog: Procurement Report 101” as well as for category experts actively tracking the global Course Catalog procurement market.

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

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Key questions on Course Catalog procurement answered by 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!!

The Course Catalog 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 Course Catalog market?
What is the correct price to pay for Course Catalog? What are the key trends and factors that influence current and future pricing?
Which selection criteria are the most important for Course Catalog Suppliers Market?
Who are the top Course Catalog suppliers? What are their cost structures?
Which negotiation levers can reduce Course Catalog procurement cost ?
What are supplier margins in Course Catalog market?
What are the best practices for Course Catalog 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!

Course Catalog Category Insights: What is inside

The Course Catalog 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 Course Catalog procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Course Catalog. 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 Course Catalog 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 Course Catalog 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?”

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Category Research Framework

SpendEdge presents a detailed picture of Course Catalog 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.