The report provides a comprehensive coverage on Pricing & Market Access category spend growth and regional spend segmentation insights, Pricing & Market Access price trends and Pricing & Market Access supply market analysis.
GET FREE SAMPLEThis report on global Pricing & Market Access category is part of a larger series of reports on global Market Research market. The scope of Market Research spans multiple categories and is typically identified as a procurement category that includes all spend related to procurement of third-party market research services as well as cost incurred for in-house market research activities.
Several macro changes in the dynamics of overall Market Research as well as Pricing & Market Access procurement trends are poised to change the business practices and procurement thumb rules. The growing shortage of skilled talent and increasing salaries of employees is driving the operational costs of service providers. This is expected to increase service charges at least within the tier 1 suppliers who put a high premium on the talent pool that utilize. The market is rapidly showing signs of a great divide - at one extreme is a low-cost market with almost commoditized services and at the other end is the market for high cost specialized services. Pricing & Market Access vendors are adopting starkly different business models and cost structures to address both the markets. There are only a handful of \"Tier 1\" vendors in the Pricing & Market Access market and they have traditionally enjoyed a premium in their pricing. However, Tier 2 suppliers are giving them a tough competition now as they can provide similar services at a lower cost. Many tier 2 suppliers achieve this parity by finding right talent at a relatively lower cost and maintaining lean operations without any frills. Category managers need to take note of the potential of these developments and reassess the changes required in their procurement practices.
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 Pricing & Market Access procurement insights and hand picks best practices that can work for category managers delving in this market. For example, Buyers can engage in pilot projects with interested service providers to assess their capabilities. This also helps buyers to assess the cost benefits and value proposition of the proposal. Contract should outline the expected levels of service with respect to recruitment of panel, data interpretation, relevance of technologies used, outcomes expected and other related processes by the service provider. Buyers should specify a mechanism for agreeing to and recording changes in services provided by the interacting parties, usually buyers and service providers.
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Pricing & Market Access procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Pricing & Market Access procurement. Some examples include:
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The report is intended to serve as a one-stop reference guide for Pricing & Market Access 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 “Pricing & Market Access: Procurement Report 101” as well as for category experts actively tracking the global Pricing & Market Access procurement market.
You may have just initiated your research to design a winning Pricing & Market Access 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 Pricing & Market Access 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 Pricing & Market Access 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 Pricing & Market Access procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Pricing & Market Access. 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 Pricing & Market Access 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 Pricing & Market Access 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 Pricing & Market Access 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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