Drinkware Category Procurement Intelligence Report

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

This report on global Drinkware category is part of a larger series of reports on global Office Supplies market. The scope of Office Supplies spans multiple categories and is typically identified as a procurement category that includes spend on all general office supplies and consumables - both movable and immovable. However, ICT consumables and printing supplies are excluded from the category.

Key questions on L4 procurement answered by this report

Strategic Sourcing Guide to Drinkware Procurement

Overview

Office Supplies market around the world is undergoing rapid transitions that have a massive potential to influence the way companies strategize for Drinkware procurement and the cost they have to incur. Most of the developing countries in the world are going through rapid growth in their manufacturing, services and outsourcing sectors, leading to an increasing number of offices. Suppliers are rising to the challenge to induct solutions within their portfolio that are suited for the varied demand patterns that emerge from this expanding customer base.

In a fragmented market, where differentiation is difficult to achieve, pricing is more often set by the level of competition. One of the major challenges faced by the global suppliers is the intense competition which is frequently leading to over-discounting.

Recent advances in information technology and online commerce have allowed buyers to increasingly utilize e-auctioning as a mechanism to reduce costs across the value chain. E-auctioning allows buyers to reduce the procurement lead times, increase their supplier base and connect with sellers and intermediaries simultaneously.

Drinkware Procurement Best Practices

As market conditions become more dynamic and procurement practices get more sophisticated, category managers need to be cognizant of the best practices that work for their Drinkware category procurement. The report offers a succinct analysis of Drinkware procurement best practices.

For example, Buyers must accumulate essential data across their information systems and suppliers to create benchmarks for cost, quality and service levels for Drinkware suppliers.

Service bundling involves the procurement of basic services with value-adds such as analytics tools, record classification, and e-mail strategy. This helps in the reduction of management effort and procurement expenditure. Buyers should assess a service providers ability to provide bundled services and engage depending on the internal requirements.

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


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Risks in Drinkware procurement

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


  • 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 Drinkware
  • 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
  • Offsite storage facilities face the risk of natural disasters such as earthquakes and floods that can lead to huge business losses. Hence, buyers should choose storage facilities based on climate control measures adopted, location of facilities, and fire suppression systems

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Who should read this report

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

     

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

Drinkware Category Insights: What is inside

  • A comprehensive drill down on category sourcing execution: Data, insights, advisory

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

  • Unrivalled breadth of category analysis: at your fingertips

    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
  • A lucid, easy to read format: Enabling fast decisions

    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 Drinkware 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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