Filing Cabinets & Storage Market Procurement Intelligence Report

A purchasing guide for Filing Cabinets & Storage – rich advisory on spend outlook in Filing Cabinets & Storage, pricing analysis for Filing Cabinets & Storage procurement cost benchmarking, negotiation strategies and key vendors of Filing Cabinets & Storage.

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Scope of the report

This report on global Filing Cabinets & Storage category is part of a larger series of reports on global Office Furniture, Fixtures and Fittings market. The scope of Office Furniture, Fixtures and Fittings spans multiple categories and is typically identified as a procurement category that includes all spend related to the provision of furniture and fixtures and fittings for use within office, sales, production, storage, reception, workstation, meeting, training, boardroom, and waiting room areas, but does not include spend on office machines or equipment.

KEY PROCUREMENT INSIGHTS COVERED

Strategic Sourcing Guide to Filing Cabinets & Storage Procurement

Overview

The market for Office Furniture, Fixtures and Fittings and its sub-segments such as Filing Cabinets & Storage are at an interesting intersection. With advancement in technology, service providers are employing diverse tools in their operations to identify opportunities for optimization and greater collaboration with the customers.

A balanced approach to procurement of Filing Cabinets & Storage has emerged, where buyers with multiple locations first outsource at individual locations and gradually move to standardize and consolidate the services across facilities.

Outsourcing of Filing Cabinets & Storage now represents a significant part of the global spend on this category, driven by value derived and a growing number of vendors who keep innovating with new services and value propositions.

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

Filing Cabinets & Storage Procurement Best Practices

Sometimes, procurement functions are unable to timely alter their practices while responding to market conditions. Industry experts acknowledge that periodically reviewing procurement best practices and adopting learnings from across procurement categories can help procurement teams respond to market needs in a more agile way. This report combines our experience of other categories with Filing Cabinets & Storage procurement insights and hand picks best practices that can work for category managers delving in this market.

For example, Buyers must clearly define clauses pertaining to the ownership of sub-contracting services that are not a part of their preferred suppliers' portfolios. This will ensure consistency in the services of sub-contracted firms as well as protection of confidential data.

Buyers should evaluate the true costs of each product and service within the scope of work for supplier, and also understand the hidden costs associated. This can help them to set accurate targets for cost reduction for their suppliers, and effectively monitor and evaluate their performance against industry benchmarks.

Benefits of an integrated program are more apparent over a period of 5-7 years, and the goal in such relationships is to achieve cost savings and improve performance in the long run. Buyers should opt for suppliers that have a track record of long-term engagements as this will increase the probability of these suppliers sustaining in a mutually beneficial relationship for a longer duration.


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Risks in Filing Cabinets & Storage procurement

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


  • Irregular inspections of facilities and installations can lead to the failure of electrical and maintenance-related equipment. This leads to downtime and interrupts the day-to-day operations of the buyers, thereby resulting in huge losses
  • 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
  • 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

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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 Filing Cabinets & Storage 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 Filing Cabinets & Storage 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 “Filing Cabinets & Storage: Procurement Report 101” as well as for category experts actively tracking the global Filing Cabinets & Storage procurement market.

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Key questions on Filing Cabinets & Storage procurement answered by this report


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

Filing Cabinets & Storage Category Insights: What is inside

The Filing Cabinets & Storage 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 Filing Cabinets & Storage procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Filing Cabinets & Storage. 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 Filing Cabinets & Storage 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 Filing Cabinets & Storage 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 Filing Cabinets & Storage 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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