Access curated Data Processing Services procurement intelligence and solve all your questions on Data Processing Services procurement outlook, cost saving opportunities in Data Processing Services procurement and potential Data Processing Services partners.
GET FREE SAMPLEOur category grouping process defines that the overall Contingent Labour market includes all spend related to contingent labour that is temporarily filling a skills or manpower gap which would normally be carried out in-house, filling an established post but always working within the organisation under direction for a short term. Dynamics of the global Data Processing Services market play out within this wider arena of Contingent Labour market. Therefore, our coverage of the Data Processing Services category also operates within this broader boundary of the overall Contingent Labour market.
The market for Contingent Labour and its sub-segments such as Data Processing Services are at an interesting intersection. Traditionally, clients were charged on per diem basis for Data Processing Services. However, rising pressure from clients to decrease pricing has resulted into an alternative pricing model of value-oriented billing where supplier's remuneration is linked to the performance or outcome of the project.Certain non-compliance scandals in the broader professional services industry has pushed both clients and suppliers to put in proper processes and protocols that reduce non-compliance, protect data and information and demonstrate ethical business practices.Many major Data Processing Services suppliers are seeking inorganic growth to diversify their services and gain access to new products and new technologies at a lower cost. The strategy serves consultancy companies well as they can pitch for a larger scope of work and truly become strategic partners of their clients.Trends like these and many others discussed in this report are necessitating a relook at the way Data Processing Services is procured and the procurement cost saving opportunities that exist.
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 Data Processing Services. To help quick decision making, this report advises on several procurement best practices that have worked well for category managers. For example, Buyers should engage with service providers that can provide integrated services, including consulting, implementation, and support services.Buyers should engage with service providers through a performance-based pricing model wherein consultants should be paid based on the quality of services delivered by them.Adequate RFP response time should be built in for prospective suppliers to enable them understand the scope and performance requirements.
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Data Processing Services procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Data Processing Services procurement. Some examples include:
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The report is intended to serve as a one-stop reference guide for Data Processing 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 “Data Processing Services: Procurement Report 101” as well as for category experts actively tracking the global Data Processing Services procurement market.
You may have just initiated your research to design a winning Data Processing 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.
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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 Data Processing 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:
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The Data Processing 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.
A key highlight of this report is the in-depth outlook created on Data Processing 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 Data Processing Services. A dedicated section to supplier profiles and evaluation helps decision makers cast a wider procurement net and identify gaps in existing relationships.
Along with specific category and supplier intelligence, the publication also includes curated insights on Data Processing 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.
Additionally, the report also advises on the best practices and strategies to manage the Data Processing 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.
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?”
SpendEdge presents a detailed picture of Data Processing 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.
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