The report provides a comprehensive coverage on EPCM CONTRACTING SERVICES category spend growth and regional spend segmentation insights, EPCM CONTRACTING SERVICES price trends and EPCM CONTRACTING SERVICES supply market analysis.
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 EPCM CONTRACTING SERVICES market play out within this wider arena of Contingent Labour market. Therefore, our coverage of the EPCM CONTRACTING SERVICES category also operates within this broader boundary of the overall Contingent Labour market.
Several macro changes in the dynamics of overall Contingent Labour as well as EPCM CONTRACTING SERVICES procurement trends are poised to change the business practices and procurement thumb rules. Most clients now prefer splitting a single project among different vendors as it enables them to allocate parts of a project to specialized professional firms and keep the supplier base wide enough. Some clients adopt this strategy to understand the capability and performance of individual supplier and then pick one or a smaller set of suppliers for future contract opportunities. The concept of virtual firms is getting popular. By placing the entire infrastructure in cloud services, and utilizing a small number of physical offices, EPCM CONTRACTING SERVICES suppliers are trying to cut their costs and developing cost competitive propositions for buyers. 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. Category managers need to take note of the potential of these developments and reassess the changes required in their procurement practices.
The report discusses in detail the best practices that have served well the category managers responsible for EPCM CONTRACTING SERVICES procurement. For example, Category managers must ensure that they have clearly identified and listed down potential negotiation levers to maximize the value of their category spend before entering into contract-related discussions with service providers. Common negotiation levers to maximize value include deadlines, terms related to payments, (including fees, expenses, and payment timelines) and assistance required from the buyer's organization. Buyers need to adopt a single sourcing model instead of sourcing from different consultants to strengthen their partnership with the selected service provider. This also reduces management complexity, as they need to deal with a single Point of contact. Buyers should invite bids from industry competitors to ensure that the offers they receive are competitive. Service providers may be willing to offer a multi-year engagement at a reduced fee, which can be beneficial for category buyers in the long-term.
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EPCM CONTRACTING SERVICES procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for EPCM CONTRACTING SERVICES procurement. Some examples include:
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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!!
You may have just initiated your research to design a winning EPCM CONTRACTING 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.
The report is intended to serve as a one-stop reference guide for EPCM CONTRACTING 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 “EPCM CONTRACTING SERVICES: Procurement Report 101” as well as for category experts actively tracking the global EPCM CONTRACTING SERVICES procurement market.
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The EPCM CONTRACTING 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 EPCM CONTRACTING 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 EPCM CONTRACTING 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 EPCM CONTRACTING 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 EPCM CONTRACTING 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 EPCM CONTRACTING 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 EPCM CONTRACTING 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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