Liquids & Semi-Liquids Packaging Inspection Category Procurement Intelligence Report

Business practices within Liquids & Semi-Liquids Packaging Inspection market are heavily influenced by changing trends across the category as well as within the broader Warehousing and Storage market. Rise in minimum labor wages across countries such as the US and China will result in increased employee expenses for Liquids & Semi-Liquids Packaging Inspection 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.

Service providers have begun to use advanced technologies and tools such as loT, predictive analysis and big data for optimal asset utilization, geofencing, warehouse management, and smart inventory management. The efficiencies gained by using new technology and improvement in customer service capabilities are significant. More and more suppliers are moving towards adopting these technologies to realize significant efficiency gains in the longer run, however, it may also increase their OPEX in the short run.

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

Liquids & Semi-Liquids Packaging Inspection procurement best practices are moving towards a level of sophistication which is typically seen in traditional procurement categories. Category managers now have an attractive opportunity to adapt the best practices seen within this category as well as those being leveraged in other non-related categories. This report summarizes the best practices picked from across multiple categories that could work well for category managers involved with Liquids & Semi-Liquids Packaging Inspection procurement strategy.

For example, It is important that buyers assess the operating model of service providers to determine the best-fit case for their organizations. Buyers need to determine if services offered by the providers are comprehensive and involve adequate resource support and a well-defined customizable execution plan.

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.

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