Access curated Natural Gas procurement intelligence and solve all your questions on Natural Gas procurement outlook, cost saving opportunities in Natural Gas procurement and potential Natural Gas partners.
GET FREE SAMPLEThis report on global Natural Gas category is part of a larger series of reports on global Energy market. The scope of Energy spans multiple categories and is typically identified as a procurement category that includes all spend related to the provision of energy including electricity, gas and alternative energy. This includes management related services such as meter reading and any levies, but does not include the provision of infrastructure installations for energy.
Business practices within Natural Gas market are heavily influenced by changing trends across the category as well as within the broader Energy market. Suppliers have put greater emphasis on evaluation of their traditional business models and find opportunities that can create value for themselves as well as their clients. A growing world population and economic development, especially in Asian countries has shifted the demand supply equation and has created a more complex supply chain for Natural Gas category. Natural Gas suppliers are continuously innovating to improve dwindling profitability. A key trend is to provide higher margin value-added services, sometimes as part of a package to improve margins and enhance ticket sizes. As a result, category managers need to closely monitor the Natural Gas 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 Natural Gas procurement insights and hand picks best practices that can work for category managers delving in this market. For example, Buyers should engage with suppliers that are involved in vertical integration to reduce supply chain related bottlenecks. Buyers should proactively manage relations with Natural Gas suppliers and have pre-determined intervention criteria for onboarding or replacing a supplier, changing specifications or terms and conditions. Buyers of fuels must adopt regional sourcing model to obtain the benefits of reduced logistics costs, reduced inventory costs and lower turnaround times.
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Natural Gas procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Natural Gas procurement. Some examples include:
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The report is intended to serve as a one-stop reference guide for Natural Gas 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 “Natural Gas: Procurement Report 101” as well as for category experts actively tracking the global Natural Gas procurement market.
You may have just initiated your research to design a winning Natural Gas 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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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 Natural Gas 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 Natural Gas 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 Natural Gas procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Natural Gas. 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 Natural Gas 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 Natural Gas 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 Natural Gas 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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