Card Protection Services Category Procurement Intelligence Report

The report provides a comprehensive coverage on Card Protection Services category spend growth and regional spend segmentation insights, Card Protection Services price trends and Card Protection Services supply market analysis.

GET FREE SAMPLE

Card Protection Services is an essential part of the Financial category which includes all spend related to the provision of financial services used to fill a skills gap for the defined subject areas where the service requirement includes delivery or implementation.

Key questions on L4 procurement answered by this report

Strategic Sourcing Guide to Card Protection Services Procurement

Overview

The market for Financial and its sub-segments such as Card Protection Services are at an interesting intersection. Suppliers are increasingly offering a 'bundle' of services which is marketed as a cost saving option. The bundled offering often includes services that are not required by the buyer or are charged at a much higher rate than an A la carte option with another supplier.

New locations and vendors are emerging as cost effective suppliers of Card Protection Services, offering an opportunity to widen the supplier base and gain further negotiation leverage with incumbent suppliers.

Many suppliers are investing in automation technologies such as AI, robotics, machine learning and big data to optimize their business operations and offer new services to their customers. However, a part of this investment is also passed to buyers in the form of high prices being charged for value added services.

Trends like these and many others discussed in this report are necessitating a relook at the way Card Protection Services is procured and the procurement cost saving opportunities that exist.

Card Protection Services 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 Card Protection Services. To help quick decision making, this report advises on several procurement best practices that have worked well for category managers.

For example, Cost saving opportunities may reduce exponentially in relation to the time left for current contract to expire or required timeline to start the engagement. Therefore sufficient interval should exist between initation of new procurement and expected start date of the new contract for Card Protection Services.

There are increased exposure risks of confidential data such as product and service information, operations, and customer information when engaging a third-party supplier. Buyers must engage with suppliers that use encryption technologies, password protection, access control solutions, and proper training schedules to prevent possible information breach.

Buyers should engage with service providers that provide AFA in their pricing as negotiating on an hourly basis can increase the procurement cost of buyers due to overruns within lawsuits. AFA also provides buyers with cost predictability, certainty, and transparency.


Activate your free account to gain easy access to cutting edge research and insights on consumers, emerging price trends, global and regional suppliers.


Risks in Card Protection Services procurement

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


  • Service providers rely on complex information systems to deliver their services, some of which might be outsourced. These systems are susceptible to virus attacks and security breaches. In the case of a loss of proprietary information or confidential information of the client's firm, service providers can become liable to pay hefty penalties
  • Pricing terms in the contract could prove to be inadequate to safeguard the buyer from impact of a sudden increase in supplier's cost, often arising from a lack of clarity on scope of products or services to be delivered
  • Service providers need to continually innovate and stay updated with the latest technologies adopted in the category market to offer improved services. Any latency in technological offerings or failure to meet the expectations of clients can result in loss of business

For detailed insights and complete access to our report library, activate your free account!

Who should read this report

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

     

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

SpendEdge Insights Subscription

Unlock SpendEdge's comprehensive procurement report collection with ease through our procurement platform.


Key questions on Card Protection Services 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 Card Protection Services 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 Card Protection Services market?
    • What is the correct price to pay for Card Protection Services? What are the key trends and factors that influence current and future pricing?
    • Which selection criteria are the most important for Card Protection Services Suppliers Market?
    • Who are the top Card Protection Services suppliers? What are their cost structures?
    • Which negotiation levers can reduce Card Protection Services procurement cost ?
    • What are supplier margins in Card Protection Services market?
    • What are the best practices for Card Protection Services 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!

Card Protection Services Category Insights: What is inside

The Card Protection Services 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 Card Protection Services procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Card Protection Services. 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 Card Protection Services 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 Card Protection Services 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 Card Protection Services 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

Related reports

Global Credit Application Processing Market - Procurement Intelligence Report

Global Card Production and Personalisation Market - Procurement Intelligence Report

Global Corporate Card Market - Procurement Intelligence Report

Global Broker Market - Procurement Intelligence Report

Global Business Credit Reporting Services Market - Procurement Intelligence Report

Global Credit Card Payment Processing Services Market - Procurement Intelligence Report

Global Global Travel Money Services Market - Procurement Intelligence Report

Global Business Credit Card Services Market - Procurement Intelligence Report

Global Credit Referencing Fraud Market - Procurement Intelligence Report

Read More

Access this report and our entire procurement platform | Plans starting from USD 3000/ Year Buy Now

Copyright © 2024 Infiniti Research Limited. All Rights Reserved. Privacy NoticeTerms of UseSales and Subscription