Bulk Gases Market Procurement Intelligence Report

Energy market around the world is undergoing rapid transitions that have a massive potential to influence the way companies strategize for Bulk Gases procurement and the cost they have to incur. The increasing demand for environment friendly solutions is changing the Bulk Gases category dynamics as well.

Price volatility is creating multiple challenges that impact the Bulk Gases category such as benchmarking and budgeting the procurement costs.

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 Bulk Gases category.

Bulk Gases procurement best practices are moving towards a level of sophistication which is typically seen in traditional procurement categories. Category managers now have an attractive opportunity to adapt the best practices seen within this category as well as those being leveraged in other non-related categories. This report summarizes the best practices picked from across multiple categories that could work well for category managers involved with Bulk Gases procurement strategy.

For example, Buyers of fuels must adopt regional sourcing model to obtain the benefits of reduced logistics costs, reduced inventory costs and lower turnaround times.

Buyers need to conduct periodic quality audits at the suppliers' facilities to assure adherence to the contract terms and compliance with regulations.

Cost saving opportunities may reduce exponentially in relation to the time left for current contract to expire. Therefore sufficient interval should exist between initation of new procurement and expiration of existing contract for Bulk Gases.

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

• Procurement without consulting the actual users of Bulk Gases may result in a mismatch in expectations of the buyer's internal stakeholders versus the actual contract executed
• 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
• When requirements of the buyers are not absolutely clear or usage patterns are not stable or predictable, suppliers often build in \"cost buffers\" for unforeseen risks due to a lack of complete understanding on buyer's requirements. This increases the risk of overspending on Bulk Gases

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