The report provides a comprehensive coverage on Wood category spend growth and regional spend segmentation insights, Wood price trends and Wood supply market analysis.
GET FREE SAMPLEEcosystem of the global Wood category is intertwined with the larger parent market of Fuel. Our category definition describes that overall Fuel market includes all spend related to the provision of fuels including solid and liquid fuels. It may also include spend related to transporation and storage of fuel across different geographic locations across the globe as well as any spend on additives to enhance performance of the fuel.
Business practices within Wood market are heavily influenced by changing trends across the category as well as within the broader Fuel market. The operating environment keep getting complicated with enhanced regulatory scrutiny and compliance requirements for buyers of Wood category. Digitization of assets, processes and systems has enabled new value propositions and cost saving opportunities within the Wood category. New developments in global geo-politics and China's shifting policies are altering supply and investment avenues within Wood category. As a result, category managers need to closely monitor the Wood 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 Wood. To help quick decision making, this report advises on several procurement best practices that have worked well for category managers. For example, Buyers should engage with suppliers that have made high R&D investments in terms of product innovations and incorporation of technologies that results in better quality and/or lower costs.Buyers of fuels must adopt regional sourcing model to obtain the benefits of reduced logistics costs, reduced inventory costs and lower turnaround times.Buyers should proactively manage relations with Wood suppliers and have pre-determined intervention criteria for onboarding or replacing a supplier, changing specifications or terms and conditions.
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Wood procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Wood procurement. Some examples include:
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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!!
You may have just initiated your research to design a winning Wood procurement strategy, or you may be a category expert looking for strategic insights and updated data.Either ways, the report has your requirements covered.
The report is intended to serve as a one-stop reference guide for Wood 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 “Wood: Procurement Report 101” as well as for category experts actively tracking the global Wood procurement market.
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The Wood 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 Wood 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 Wood procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Wood. 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 Wood 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 Wood 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 Wood 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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