Fishing-Vessel Services Market Procurement Intelligence Report

The market for Transportation Support Services and its sub-segments such as Fishing-Vessel Services are at an interesting intersection. Supplier evaluation and performance management is now being driven by select KPIs that serve as hard evidence to support cost reduction. Suppliers of Fishing-Vessel Services are developing targeted KPI matrix that help with actionable data on their performance and cost savings they achieved for the customer.

Historically, suppliers have sub-contracted a fair portion of their work and earned attractive margins, thereby increasing the cost of buyers. Buyers are now scrutinizing the service models of suppliers in much more depth to identify potential for sub-contracting and negotiating hard to avoid cost escalation on account of sub-contracting by employing should-cost models.

Technological advancements are enabling providers of Fishing-Vessel Services to leverage a diverse set of tools and identify resource and cost optimization opportunities in collaboration with the customers.

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

Fishing-Vessel Services procurement best practices are moving towards a level of sophistication which is typically seen in traditional procurement categories. Category managers now have an attractive opportunity to adapt the best practices seen within this category as well as those being leveraged in other non-related categories. This report summarizes the best practices picked from across multiple categories that could work well for category managers involved with Fishing-Vessel Services procurement strategy.

For example, There is a shift in focus toward minimizing emissions and energy usage to achieve sustainability goals. Buyers should monitor and evaluate the energy consumption of suppliers' operations before procurement. This also helps adherence with standards mandated by various national and international regulatory authorities.

Buyers need to employ robust should-cost models and total cost of ownership models to aid Fishing-Vessel Services supplier selection and pricing negotiations.

There are increased exposure risks of confidential data such as product and service information, operations, and customer information when engaging a third-party supplier. Buyers must engage with suppliers that use encryption technologies, password protection, access control solutions, and proper training schedules to prevent possible information breach.

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