Towers And Kilns Market Procurement Intelligence Report

Business practices within Towers And Kilns market are heavily influenced by changing trends across the category as well as within the broader Engineering Products and Equipment market. Volatility in the prices of key inputs is creating multiple issues that impact procurement within Towers And Kilns category such as benchmarking and budgeting of the procurement costs.

Technology is improving productivity and creating fresh demand. Convergence of data science, automation tools, 3D printing, robotics, AI and big data has opened up multiple possibilities to better serve customers at a lower operational cost.

Suppliers of Towers And Kilns are moving up the value chain - both organically as well as through M&As. Their portfolios are increasingly being diversified with the objective of offering integrated solutions that go beyond just Towers And Kilns. Even buyers are engaging vendors who can act as a one-stop solution provider across their geographic footprint. Such strategic engagements can help buyers with savings associated with economies of scale and management of a much smaller supplier base.

As a result, category managers need to closely monitor the Towers And Kilns procurement trends and identify changes required in their procurement environment for the category.

It has become imperative for category managers to remain as agile as possible in terms of their procurement practices. However, it is not always easy to quickly spot and implement alternative practices in a category like Towers And Kilns. To help quick decision making, this report advises on several procurement best practices that have worked well for category managers.

For example, Buyers must have a clear understanding of the subcontracting policies, if any, of Towers And Kilns suppliers. Factors such as cost incurred, service quality, adherence to timelines, and regulatory compliance of subcontractors employed by suppliers should be carefully assessed prior to engagement.

Buyers should assess the level of adoption of the latest technologies by suppliers to assess cost-saving opportunities and quality that can be provided by the latter. For instance, the adoption of technologies such as cloud computing will enable suppliers to reduce their internal computing hardware requirements for operations such as CAD and CAM. This can, in turn, enable them to reduce their operating costs, thereby suppliers can offer products at lower rates to buyers.

Buyers need to evaluate the in-depth expertise of suppliers in the Towers And Kilns industry. This can be assessed by considering factors such as the years of experience, number of resources that have multi-year experience of working in the same industry and at least 3 to 5 credentials for the supplier.

Towers And Kilns procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Towers And Kilns procurement. Some examples include: