Access curated Plain Labels procurement intelligence and solve all your questions on Plain Labels procurement outlook, cost saving opportunities in Plain Labels procurement and potential Plain Labels partners.
GET FREE SAMPLEPlain Labels is an essential part of the Printed Products category which includes all spend related to the provision of printed products that may be required to carry out daily operations, promotional activities or special events. The spend may encompass books, booklets, brochures, leaflets, business stationery, cards, forms, labels, manuals, maps, pictures, publications, secure printing, tags, transfers and tickets.
Business practices within Plain Labels market are heavily influenced by changing trends across the category as well as within the broader Printed Products market. Buyers prefer to engage suppliers whose offerings span beyond Plain Labels. The practice brings in several advantages such as rationalization of supplier base, economies of scale and reduced category management cost. The category is expected to experience a moderate price rise resulting from increasing investment in technologies and automation by commercial printing companies, but long-term price outlook remains positive for buyers as suppliers are expected to recover the technological investments soon. Availability of mobile print solutions where a buyer's employees can use any mobile device to send a document for printing from a remote location has transformed the procurement decisions within overall print management category. As a result, category managers need to closely monitor the Plain Labels 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 Plain Labels procurement insights and hand picks best practices that can work for category managers delving in this market. For example, Buyers prefer to engage with service providers that adopt hedging techniques to mitigate the effects of fluctuations in printing ink prices. The majority of printing inks are primarily derivatives of crude oil, the prices of which are highly volatile. Thus, engaging with service providers that adopt hedging will allow buyers to minimize the impact of price fluctuations pertaining to printing inks during the contract tenure. Buyers would benefit from engaging with service providers that display a high level of adoption of technologies such as web-to-print, workflow automation software, and remote proofing. These technologies would, in turn, enable buyers to achieve savings in their printing budgets, improve print quality, provide better visibility over the printing project, and offer greater flexibility over the printing project. Buyers must clearly define clauses pertaining to the ownership of subcontracted services that are not part of their service providers' portfolios. This is necessary to ensure service consistency and control over sensitive data that are shared with sub-contracted firms.
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Plain Labels procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Plain Labels procurement. Some examples include:
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The report is intended to serve as a one-stop reference guide for Plain Labels 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 “Plain Labels: Procurement Report 101” as well as for category experts actively tracking the global Plain Labels procurement market.
You may have just initiated your research to design a winning Plain Labels 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 Plain Labels 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 Plain Labels 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 Plain Labels procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Plain Labels. 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 Plain Labels 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 Plain Labels 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 Plain Labels 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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