A complete buyer's guide that provides comprehensive insights on Professional Learning category spend, spend growth and regional segmentation; in-depth price trends; negotiation levers and analysis of Professional Learning suppliers.
GET FREE SAMPLEEcosystem of the global Professional Learning category is intertwined with the larger parent market of Development and Training. Our category definition describes that overall Development and Training market includes all spend related to the provision of training and tuition that leads to skills development. The category may include spend on training and development materials if the contract includes goods and services.
The market for Development and Training and its sub-segments such as Professional Learning are at an interesting intersection. Labor cost constitutes a key component of L&D providers' OPEX. Factors such as rise in the cost of living, increase in the local wage policies across geographies, and rise in wages and remuneration packages will propel service providers' OPEX and therefore use of automation and other tools will further increase to offset some of the rise in cost of operations.Value-based pricing is rapidly finding favors from buyers as the pricing model of choice for L&D category. This model sets the contract price based on quality and outcome of the training and therefore encourages providers to design more effective training modules.The market for e-learning services is exploding in developed and developing economies alike. L&D possibilities enabled by gamification, LMS apps and new content delivery methods have impacted the procurement of Professional Learning in a massive way.Trends like these and many others discussed in this report are necessitating a relook at the way Professional Learning is procured and the procurement cost saving opportunities that exist.
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 Professional Learning procurement insights and hand picks best practices that can work for category managers delving in this market. For example, Buyers can collaborate with their suppliers based on a reward-sharing basis. This can be done by providing special recognition to them at the annual meetings of buyers for high performance or mentioning their brand name on own websites. Buyers must collaborate with service providers that offer mobile learning solutions, which help in accessing the training material from any location. This will aid employees from departments such as sales, which may not be able to attend all training sessions conducted onsite and achieving better ROI on L&D. Buyers must engage with service providers that offer bundled and unbundled services. Unbundling of services allows buyers to select the best-fit services as per organizational requirements. In addition, it allows buyers to outsource services such as content development and learning technologies to dedicated players that can offer cost-effective training services compared with traditional training service providers.
Activate your free account to gain easy access to cutting edge research and insights on consumers, emerging price trends, global and regional suppliers.
Professional Learning procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Professional Learning procurement. Some examples include:
For detailed insights and complete access to our report library, activate your free account!
The report is intended to serve as a one-stop reference guide for Professional Learning 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 “Professional Learning: Procurement Report 101” as well as for category experts actively tracking the global Professional Learning procurement market.
You may have just initiated your research to design a winning Professional Learning procurement strategy, or you may be a category expert looking for strategic insights and updated data.Either ways, the report has your requirements covered.
Unlock SpendEdge's comprehensive procurement report collection with ease through our procurement platform.
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 Professional Learning 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:
SpendEdge Insights has helped procurement professionals and sourcing teams manage multiple spend areas and achieve more than $2 billion in savings. Activate your free account today!
The Professional Learning 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 Professional Learning procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Professional Learning. 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 Professional Learning 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 Professional Learning 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 Professional Learning 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.
Global Elearning Market - Procurement Intelligence Report
Global IT Training Market - Procurement Intelligence Report
Global Nurse Injection Training Market - Procurement Intelligence Report
Global Behavioral and Leadership Training Market - Procurement Intelligence Report
Global Learning Tools Market - Procurement Intelligence Report
Global Professional And Technical Capability Development Market - Procurement Intelligence Report
Global Marketing and Sales Training Market - Procurement Intelligence Report
Global Professional Relations And Educational Programs Market - Procurement Intelligence Report
Global Operations Compliance Training Market - Procurement Intelligence Report
Access this report and our entire procurement platform | Plans starting from USD 3000/ Year Buy Now
Copyright © 2024 Infiniti Research Limited. All Rights Reserved. Privacy Notice – Terms of Use – Sales and Subscription
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. You may change your settings based on a legitimate interest at any time, by selecting “Manage Settings” on our site. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.