Subsea Well Diving Services Market Procurement Intelligence Report

The market for Transportation Support Services and its sub-segments such as Subsea Well Diving Services are at an interesting intersection. Supplier evaluation and performance management is now being driven by select KPIs that serve as hard evidence to support cost reduction. Suppliers of Subsea Well Diving Services are developing targeted KPI matrix that help with actionable data on their performance and cost savings they achieved for the customer.

Customer expectations of service quality has transformed in line with the customer experience provided within consumer and online sectors. Suppliers are striving to provide not only best quality but best-in-class experience.

Even as technological prowess of suppliers is increasing and processes are routinely being digitalized, there is a growing concern around putting critical data and information in the hands of a third party. Buyers are making elaborate contracts that aim to prevent intentional or unintentional data leakage or theft.

Trends like these and many others discussed in this report are necessitating a relook at the way Subsea Well Diving Services is procured and the procurement cost saving opportunities that exist.

Subsea Well Diving Services 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 Subsea Well Diving Services procurement strategy.

For example, There is a shift in focus toward minimizing emissions and energy usage to achieve sustainability goals. Buyers should monitor and evaluate the energy consumption of suppliers' operations before procurement. This also helps adherence with standards mandated by various national and international regulatory authorities.

Buyers need to employ robust should-cost models and total cost of ownership models to aid Subsea Well Diving Services supplier selection and pricing negotiations.

Cost saving opportunities may reduce exponentially in relation to the time left for current contract to expire or required timeline to start the engagement. Therefore sufficient interval should exist between initation of new procurement and expected start date of the new contract for Subsea Well Diving Services.

Subsea Well Diving Services procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Subsea Well Diving Services procurement. Some examples include: