Inkjet Printers | Intelligence Report

Strategic Sourcing Guide to Inkjet Printers Procurement

Overview

A changing ecosystem within the End User Software and Hardware market also affects the procurement process, cost dynamics and supplier attractiveness for the buyers of Inkjet Printers. New locations and vendors are emerging as cost effective suppliers of Inkjet Printers, offering an opportunity to widen the supplier base and gain further negotiation leverage with incumbent suppliers.

Rise in the cost of certain essential assets and supplies required to deliver Inkjet Printers is making a significant addition to the supplier's overall expenditure. This could have an inflationary impact on buyer's procurement expenditure in the Inkjet Printers market.

Buyers are showing an inclination to onboard suppliers whose offerings span beyond Inkjet Printers. The practice brings in several advantages such as rationalization of supplier base, economies of scale and reduced category management cost.

Inkjet Printers Procurement Best Practices

As market conditions become more dynamic and procurement practices get more sophisticated, category managers need to be cognizant of the best practices that work for their Inkjet Printers category procurement. The report offers a succinct analysis of Inkjet Printers procurement best practices.

For example, Needs of buyers can vary depending on the industry where buyers operate. For instance, buyers from the financial services industry give high importance to regulatory compliance and data security, whereas buyers from the e-commerce industry prioritize high throughput, low response time, and high scalability. Hence, service providers with a strong knowledge of the security, compliance, and governance needs of buyers' industries and a proven track record of performance with respect to these aspects should be prioritized.

Adequate RFP response time should be built in for prospective suppliers to enable them understand the scope and usage patterns properly.

Buyers must clearly define clauses pertaining to the ownership of subcontracting services that are not a part of preferred suppliers' portfolios. Subcontractors should be bound by the same terms and conditions as the main contractor to ensure consistency in quality and manage any adverse event such as data breach.

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Risks in Inkjet Printers procurement

Inkjet Printers procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Inkjet Printers 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
Procurement without consulting the actual users of Inkjet Printers may result in a mismatch in expectations of the buyer's internal stakeholders versus the actual contract executed
Consistent evolution in the technological landscape of IT support services is increasing the risk of technology used by service providers becoming obsolete, which can prevent buyers from engaging with them

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Who should read this report

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

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

Inkjet Printers Category Insights: What is inside

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