Bituminous Or Oil Shale | Suppliers | Pricing Trends , Best Practices

Strategic Sourcing Guide to Bituminous Or Oil Shale Procurement

Overview

The market for Fuel and its sub-segments such as Bituminous Or Oil Shale are at an interesting intersection. Price volatility is creating multiple challenges that impact the Bituminous Or Oil Shale category such as benchmarking and budgeting the procurement costs.

Digitization of assets, processes and systems has enabled new value propositions and cost saving opportunities within the Bituminous Or Oil Shale category.

A growing world population and economic development, especially in Asian countries has shifted the demand supply equation and has created a more complex supply chain for Bituminous Or Oil Shale category.

Trends like these and many others discussed in this report are necessitating a relook at the way Bituminous Or Oil Shale is procured and the procurement cost saving opportunities that exist.

Bituminous Or Oil Shale Procurement Best Practices

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 Bituminous Or Oil Shale. To help quick decision making, this report advises on several procurement best practices that have worked well for category managers.

For example, Buyers need to employ robust should-cost models and total cost of ownership models to aid Bituminous Or Oil Shale supplier selection and pricing negotiations.

Suppliers of fuels need to have robust logistics capabilities in terms of their transportation reach. This will ensure that the fuel will be supplied till buyers' distribution facilities such as the fuel stations and thus minimizing buyer's effort to transport the fuels from the ports to their facilities .In addition, the supplier must also ensure that the packaging solutions provided and the transport modes used such as the pipeline systems and the rails are well-maintained to minimize spills and spoils.

Buyers should engage with suppliers that are involved in vertical integration to reduce supply chain related bottlenecks.

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Risks in Bituminous Or Oil Shale procurement

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

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
Suppliers depend on various third parties, including raw material suppliers, distributors and storage providers. Any failure on their part can lead to inconsistency in the supply of essential inputs
Buyers and suppliers are required to comply with stringent environmental regulations, such as MARPOL treaty, Clean Air Act in the US. Any noncompliance with these regulations can result in hefty fines. Moreover, periodic changes in regulations affect the operations and costs of both buyers and suppliers as they incur additional efforts in aligning with the new norms. Changes such as these significantly increase the prices, and buyers might tend to shift toward more cost-effective solutions

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Who should read this report

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

You may have just initiated your research to design a winning Bituminous Or Oil Shale 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 Bituminous Or Oil Shale 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 Bituminous Or Oil Shale 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 Bituminous Or Oil Shale market?
What is the correct price to pay for Bituminous Or Oil Shale? What are the key trends and factors that influence current and future pricing?
Which selection criteria are the most important for Bituminous Or Oil Shale Suppliers Market?
Who are the top Bituminous Or Oil Shale suppliers? What are their cost structures?
Which negotiation levers can reduce Bituminous Or Oil Shale procurement cost ?
What are supplier margins in Bituminous Or Oil Shale market?
What are the best practices for Bituminous Or Oil Shale 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!

Bituminous Or Oil Shale Category Insights: What is inside

The Bituminous Or Oil Shale 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 Bituminous Or Oil Shale procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Bituminous Or Oil Shale. 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 Bituminous Or Oil Shale 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 Bituminous Or Oil Shale 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?”

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Category Research Framework

SpendEdge presents a detailed picture of Bituminous Or Oil Shale 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.