Uninterruptible Power Supply Systems Market Procurement Intelligence Report

A changing ecosystem within the Engineering Components market also affects the procurement process, cost dynamics and supplier attractiveness for the buyers of Uninterruptible Power Supply Systems. Procurement costs for Uninterruptible Power Supply Systems are highly impacted by an increase in the costs associated with the value chain of Uninterruptible Power Supply Systems, such as logistics, labor cost and energy. Additionally, outdated assets are also increasing the cost for suppliers.

Markets across the globe are reeling under shortage of professionals and workforce that have relevant skills and training. Minimum wages and stringent regulations are compelling suppliers to increase their employee expenses which are expected to have an inflationary impact on buyers' procurement cost.

Suppliers are continuously taking efforts to improve efficiencies and productivity and deploying processes and technologies. Some of these investments are likely to increase their costs in the shorter term, but learnings from other sectors keep the suppliers optimistic about a lean cost structure in the longer run.

The report discusses in detail the best practices that have served well the category managers responsible for Uninterruptible Power Supply Systems procurement.

For example, Buyers should invest in benchmarking studies that help category managers to improve their knowledge on market pricing or billing rates of service providers. This helps them to not only save costs but also increase their negotiation power.

Buyers should engage with suppliers that have adopted a global delivery model as it reduces buyers' risk. In this model, any disaster/emergency at any operating facility of supplier will result in the work being transferred to a different facility, thereby ensuring continuity of the project and reduced risk for buyers. This model also provides buyers access to skilled labor from across the globe, thereby improving the quality of engineering products provided by the supplier.

Buyers must have a clear understanding of the subcontracting policies, if any, of Uninterruptible Power Supply Systems 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.

Uninterruptible Power Supply Systems procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Uninterruptible Power Supply Systems procurement. Some examples include: