A buying guide for Laboratory Automation & Robotics category – enriched with research on Laboratory Automation & Robotics procurement spend patterns, Laboratory Automation & Robotics pricing intelligence, market dynamics and top suppliers of Laboratory Automation & Robotics.
GET FREE SAMPLEThis report on global Laboratory Automation & Robotics category is part of a larger series of reports on global Medical and Surgical Equipment and Supplies market. The scope of Medical and Surgical Equipment and Supplies spans multiple categories and is typically identified as a procurement category that includes all spend related to any durable machine, instrument, implement or implant used by clinicians for the diagnosis, prevention, monitoring or treatment (whether invasive or non-invasive) of medical conditions. The products may also be used for life support, modification or replacement of part(s) of anatomy, conception control and disinfection of other medical equipment.
A changing ecosystem within the Medical and Surgical Equipment and Supplies market also affects the procurement process, cost dynamics and supplier attractiveness for the buyers of Laboratory Automation & Robotics. Recent cases of malpractices committed within the overall industry have increased the strictness of regulators within the overall industry. Suppliers now operate with a higher burden in the form of increased costs for compliance and data security as well as increased time to receive approvals for new solutions.
New locations and vendors are emerging as cost effective suppliers of Laboratory Automation & Robotics, offering an opportunity to widen the supplier base and gain further negotiation leverage with incumbent suppliers.
Rapid growth in the biosimilar and biologics market and global focus on gene therapy studies for rare diseases have resulted in an increased spend within the broader industry.
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 Laboratory Automation & Robotics procurement insights and hand picks best practices that can work for category managers delving in this market.
For example, Before engaging in a contractual agreement with suppliers, buyers should focus on identifying and understanding various critical parameters along with their impacts on different procurement models.
Large organizations seek engagement with global category suppliers. However, they must try to achieve the right blend of regional and global suppliers in order to ensure the delivery at locations where global players do not have necessary capabilities.
Large organizational buyers can leverage their scale of operations to initiate competitive bidding between suppliers. Competitive bidding would enable buyers to have a better visibility of the market prices and may help identify suppliers that offer the most competitive price offering viz-a-viz other players.
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Laboratory Automation & Robotics procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Laboratory Automation & Robotics procurement. Some examples include:
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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 Laboratory Automation & Robotics 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 Laboratory Automation & Robotics 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 “Laboratory Automation & Robotics: Procurement Report 101” as well as for category experts actively tracking the global Laboratory Automation & Robotics procurement market.
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The Laboratory Automation & Robotics 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:
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The Laboratory Automation & Robotics 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.
A key highlight of this report is the in-depth outlook created on Laboratory Automation & Robotics procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Laboratory Automation & Robotics. A dedicated section to supplier profiles and evaluation helps decision makers cast a wider procurement net and identify gaps in existing relationships.
Along with specific category and supplier intelligence, the publication also includes curated insights on Laboratory Automation & Robotics 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.
Additionally, the report also advises on the best practices and strategies to manage the Laboratory Automation & Robotics 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.
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?”
SpendEdge presents a detailed picture of Laboratory Automation & Robotics 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.
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