Foundation Learning | Market, Trends, Growth | Suppliers Analysis

Strategic Sourcing Guide to Foundation Learning Procurement

Overview

A changing ecosystem within the Development and Training market also affects the procurement process, cost dynamics and supplier attractiveness for the buyers of Foundation Learning. Demand is increasing for self-learning tools that offer flexible course durations as per an employee's convenience and schedule.

Value-based pricing is rapidly finding favors from buyers as the pricing model of choice for L&D category. This model sets the contract price based on quality and outcome of the training and therefore encourages providers to design more effective training modules.

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 Foundation Learning in a massive way.

Foundation Learning Procurement Best Practices

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 Foundation Learning. To help quick decision making, this report advises on several procurement best practices that have worked well for category managers.

For example, Buyers must collaborate with service providers that offer mobile learning solutions, which help in accessing the training material from any location. This will aid employees from departments such as sales, which may not be able to attend all training sessions conducted onsite and achieving better ROI on L&D.

Blended learning solutions are a mix of instructor-led learning and web-based learning. These solutions aid buyers to reduce training implementation costs and enhance the effectiveness of training. Hence, buyers must collaborate with service providers that offer blended training solutions.

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.

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Risks in Foundation Learning procurement

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

Learning and development has a negative aspect along with its positive outcome, as it brings operational tasks to a halt. This can prove to be a major risk for an organization in case the learning and development programs is prolonged or if timelines are not managed properly. Inability to accurately assess training requirements can result in situations such as those mentioned above, and significantly affect productivity levels of the organization
Trainers are dependent on the training materials/content provided by the training firms that may or may not be well-versed with the latest advancements in the market. This can lead to trainees receiving outdated information and techniques. Absence of updated information and materials/content and lack of reviews by subject-matter experts can impact the effectiveness and accuracy of the L&D program
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 Foundation Learning

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Who should read this report

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

You may have just initiated your research to design a winning Foundation Learning 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 Foundation Learning 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 Foundation Learning 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 Foundation Learning market?
What is the correct price to pay for Foundation Learning? What are the key trends and factors that influence current and future pricing?
Which selection criteria are the most important for Foundation Learning Suppliers Market?
Who are the top Foundation Learning suppliers? What are their cost structures?
Which negotiation levers can reduce Foundation Learning procurement cost ?
What are supplier margins in Foundation Learning market?
What are the best practices for Foundation Learning 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!

Foundation Learning Category Insights: What is inside

The Foundation Learning 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 Foundation Learning procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Foundation Learning. 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 Foundation Learning 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 Foundation Learning 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 Foundation Learning 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.