Coal Market Procurement Intelligence Report

Access curated Coal procurement intelligence and solve all your questions on Coal procurement outlook, cost saving opportunities in Coal procurement and potential Coal partners.

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Scope of the report

This report on global Coal category is part of a larger series of reports on global Fuel market. The scope of Fuel spans multiple categories and is typically identified as a procurement category that 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.

KEY PROCUREMENT INSIGHTS COVERED

Strategic Sourcing Guide to Coal Procurement

Overview

The market for Fuel and its sub-segments such as Coal are at an interesting intersection. New developments in global geo-politics and China's shifting policies are altering supply and investment avenues within Coal category.

The increasing demand for environment friendly solutions is changing the Coal category dynamics as well.

Suppliers have put greater emphasis on evaluation of their traditional business models and find opportunities that can create value for themselves as well as their clients.

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

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

For example, Buyers should proactively manage relations with Coal suppliers and have pre-determined intervention criteria for onboarding or replacing a supplier, changing specifications or terms and conditions.

Suppliers need to have expertise in demand and price forecasting of fuels as this will help to appropriately set the prices for the contract period.

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


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Risks in Coal procurement

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


  • 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
  • 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
  • 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 Coal

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Who should read 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!!

    You may have just initiated your research to design a winning Coal 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 Coal 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 “Coal: Procurement Report 101” as well as for category experts actively tracking the global Coal procurement market.

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Key questions on Coal procurement answered by this report


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

Coal Category Insights: What is inside

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