Facility Health Equipment Market Procurement Intelligence Report

The market for Emergency and Rescue Equipment and Supplies and its sub-segments such as Facility Health Equipment are at an interesting intersection. New locations and vendors are emerging as cost effective suppliers of Facility Health Equipment, offering an opportunity to widen the supplier base and gain further negotiation leverage with incumbent suppliers.

Increasing regulatory impetus on workplace safety, building safety management and employee safe being has required organizations to place additional focus on procurement of solutions that ensure adequate response in the time of an adverse event. Emerging markets, where regulations have been traditionally lax, are also catching up to the standards prevalent in matured geographies. As a result, Facility Health Equipment category has seen a healthy growth in spend.

Globalization has opened new markets for suppliers. Facility Health Equipment market was historically a localized industry, but many geographies have seen introduction of new, foreign players who brought with them a new set of business practices and value propositions. Influx of this new competition has forced the traditional local suppliers to innovate and enhance their offerings to match the new benchmarks.

Trends like these and many others discussed in this report are necessitating a relook at the way Facility Health Equipment 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 Facility Health Equipment. To help quick decision making, this report advises on several procurement best practices that have worked well for category managers.

For example, Buyers must understand the commitment and importance that the supplier shows during emergency management strategy and implementation. Contract terms and conditions must be set earlier, and suppliers must ensure that they are adhered to throughout the course of association.

Buyers must accumulate essential data across their information systems and suppliers to create benchmarks for cost, quality and service levels for Facility Health Equipment suppliers.

Senior management of the organization must ensure that there is a dedicated emergency management team to collaborate with the supplier and be aware about the changing developments.

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