Labeling Services For Liquids & Semi-Liquids Category Procurement Intelligence Report

Business practices within Labeling Services For Liquids & Semi-Liquids market are heavily influenced by changing trends across the category as well as within the broader Warehousing and Storage market. Cyber security has emerged as a top priority within logistics and supply chain ecosystems. New accountability standards are emerging for the way suppliers and buyers collaborate and protect sensitive information and assets.

Rise in minimum labor wages across countries such as the US and China will result in increased employee expenses for Labeling Services For Liquids & Semi-Liquids suppliers who will be forced to pass on a part of this increase to their buyers.

Suppliers are increasingly adopting a demand-driven planning of their assets and resources to reduce costs and optimize operational efficiency. Part of the cost savings are passed on to buyers, but this also creates supply chain risks for them that need to be managed jointly with the supplier.

As a result, category managers need to closely monitor the Labeling Services For Liquids & Semi-Liquids procurement trends and identify changes required in their procurement environment for the category.

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 Labeling Services For Liquids & Semi-Liquids procurement insights and hand picks best practices that can work for category managers delving in this market.

For example, Buyers need to assess the level of automation provided and time required to obtain process efficiency, apart from checking if suppliers have the correct documentation for as-is processes and to-be processes to avoid any conflicts in implementation.

Buyers should negotiate for administrative control over all technological systems that contain critical data. This will ensure 100% transparency and visibility over logistics operations. In addition, buyers should demand visibility across the entire supply chain using real-time metrics such as mobile and telematics systems.

Buyers prefer to engage with service providers that offer robust technological systems and leverage Internet-based systems to reduce cost and simplify visibility across the supply chain. Buyers should also assess the integration capabilities of software platforms offered by service providers to ensure that there are no additional costs incurred for software implementation.

Labeling Services For Liquids & Semi-Liquids procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Labeling Services For Liquids & Semi-Liquids procurement. Some examples include: