Automobile Wheels Category Procurement Intelligence Report

A purchasing guide for Automobile Wheels – rich advisory on spend outlook in Automobile Wheels, pricing analysis for Automobile Wheels procurement cost benchmarking, negotiation strategies and key vendors of Automobile Wheels.

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Ecosystem of the global Automobile Wheels category is intertwined with the larger parent market of Vehicle Conversion. Our category definition describes that overall Vehicle Conversion market includes spend related to the conversion and modification of fleet vehicles or their key components and may also involve conversion kits and the service to convert, but does not include the purchase of the vehicles themselves.

Key questions on L4 procurement answered by this report

Strategic Sourcing Guide to Automobile Wheels Procurement

Overview

Business practices within Automobile Wheels market are heavily influenced by changing trends across the category as well as within the broader Vehicle Conversion market. Many suppliers are reeling under pressure from a lack of sufficiently trained manpower in enough numbers.

Regulatory changes are taking place more frequently and, in some cases, randomly. It is getting difficult to align procurement with all the new regulations, especially when category managers are responsible for multiple regions with different regulations.

The market has undergone several structural changes including M&As and vertical integration efforts of suppliers. This has resulted in some issues such as erosion of previously established supplier relationships but has also opened new opportunities to onboard new suppliers with a wider range of offerings in .

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

Automobile Wheels Procurement Best Practices

As market conditions become more dynamic and procurement practices get more sophisticated, category managers need to be cognizant of the best practices that work for their Automobile Wheels category procurement. The report offers a succinct analysis of Automobile Wheels procurement best practices.

For example, Buyers should evaluate service providers ability to innovate and reduce carbon emissions from traditional fuel-based vehicles, without compromising on cost and quality aspects.

Instead of customarily fixing the contract length to one or two years, buyers should determine the contract length based on market conditions and their likely impact on cost in future.

Buyers must accumulate essential data across their information systems and suppliers to create benchmarks for cost, quality and service levels for Automobile Wheels suppliers.


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Risks in Automobile Wheels procurement

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


  • Procurement without consulting the actual users of Automobile Wheels may result in a mismatch in expectations of the buyer's internal stakeholders versus the actual contract executed
  • Contract-related risks where unfavorable credit terms may severly penalize buyers for delayed payments or entitle the supplier to demand pre-payments or shorten the payment terms are not very common in the category but they do exist in certain situations where buyers' liquidity or financial health is in question
  • Suppliers may face a situation where they are unable to honor a contract in its entirety due to shortage of resources, finances or capabilities. While contractual terms safeguard buyers from the non-performance, their operations could still face massive disruptions due to suppliers' non-performance

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Who should read this report

  • The report is intended to serve as a one-stop reference guide for Automobile Wheels 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 “Automobile Wheels: Procurement Report 101” as well as for category experts actively tracking the global Automobile Wheels procurement market.

     

    You may have just initiated your research to design a winning Automobile Wheels procurement strategy, or you may be a category expert looking for strategic insights and updated data.Either ways, the report has your requirements covered.

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Key questions on Automobile Wheels procurement answered by this report


    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 Automobile Wheels 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:

     

    • What is the spend potential in the Automobile Wheels market?
    • What is the correct price to pay for Automobile Wheels? What are the key trends and factors that influence current and future pricing?
    • Which selection criteria are the most important for Automobile Wheels Suppliers Market?
    • Who are the top Automobile Wheels suppliers? What are their cost structures?
    • Which negotiation levers can reduce Automobile Wheels procurement cost ?
    • What are supplier margins in Automobile Wheels market?
    • What are the best practices for Automobile Wheels procurement and what are the potential risks?

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!

Automobile Wheels Category Insights: What is inside

The Automobile Wheels 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.

Data

A key highlight of this report is the in-depth outlook created on Automobile Wheels procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Automobile Wheels. A dedicated section to supplier profiles and evaluation helps decision makers cast a wider procurement net and identify gaps in existing relationships.

Insights

Along with specific category and supplier intelligence, the publication also includes curated insights on Automobile Wheels 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.

Advisory

Additionally, the report also advises on the best practices and strategies to manage the Automobile Wheels 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.

Category Ecosystem

  • Buyer and supplier ecosystem
  • Competitiveness index
  • Buyer and supplier power
  • Threat of new entrants and substitutes

Global and Regional Sourcing Insights

  • Category spend
  • Spend growth
  • Dynamics
  • Opportunities

Pricing and Cost Analysis

    • Pricing outlook and data
    • Drivers of pricing
    • Cost structure and inputs cost
    • Total cost of ownership
    • Pricing models and margins

Cost Saving Opportunities & Negotiation Strategies

  • Buyer and supplier side levers
  • Quantified cost saving opportunities
  • Negotiation strategies and quantified outcome

Procurement Best Practices, Strategy and Enablers

  • Procurement excellence
  • Sustainability and innovation
  • KPIs and category enablers
  • Risk management and outsourcing

Vendor Analysis

  • RFx essentials and selection criteria
  • SLAs
  • Supplier evaluation metrics
  • Detailed supplier profiles

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?”

Category Research Framework


SpendEdge presents a detailed picture of Automobile Wheels 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.

Information Sources


Primary research
Secondary research
Procurement heads
Industry journals and reports
Category managers
Periodicals and new articles
Sourcing consortium professionals
Category webinars
Industry experts and thought leaders
Internal categiry playbooks
Procurement managers
Industry/government websites on regulations, compliance
Category heads of suppliers
Internal databases
Client account heads/managers
Industry blogs/thought leader briefings
Client and industry consultants

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