Investment Advisory Services | Market, Trends, Growth | Suppliers Analysis

Strategic Sourcing Guide to Investment Advisory Services Procurement

Overview

Business practices within Investment Advisory Services market are heavily influenced by changing trends across the category as well as within the broader Fleet Management market. With fuel prices going up in many geographies, category managers are under tremendous pressure to compensate by achieving a higher cost saving in procurement of Investment Advisory Services.

Total Cost of Ownership now pivots all kind of large and small purchasing decisions, including sourcing priorities and strategies for procurement of Investment Advisory Services.

Increased availability of options both in terms of suppliers and new propositions from suppliers is also influencing the procurement trends for Investment Advisory Services and improving leverage for buyers in some cases.

As a result, category managers need to closely monitor the Investment Advisory Services procurement trends and identify changes required in their procurement environment for the category.

Investment Advisory Services 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 Investment Advisory Services procurement insights and hand picks best practices that can work for category managers delving in this market.

For example, The adoption of advanced technologies such as telematics and IVMS enables buyers to track vehicles, increase fuel efficiency, reduce carbon emissions, and increase cost savings. These technologies ensure buyers safety and increase the efficiency of their fleet.

Buyers should always ensure that the price quoted by a service provider includes all other charges such as VAT, disposition fees, interest rates, and other taxes charged by suppliers. A detailed fee structure helps buyers save significant costs and helps to compare suppliers in an efficient way.

Buyers should engage with service providers that utilize technologies to generate reports with respect to fleet condition and services delivered.

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Risks in Investment Advisory Services procurement

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

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 Investment Advisory Services
Lack of efficient training to drivers can cause accidents and traffic violations, which in turn can cause severe injuries and fatalities
The rise in awareness about air pollution is forcing buyers to collaborate with service providers that adopt green initiatives. A few of the factors that cause pollution from fleet vehicles are the use of outdated vehicles, inferior quality fuel, and poor maintenance

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Who should read this report

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

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

Investment Advisory Services Category Insights: What is inside

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