GPS Antennas Category Procurement Intelligence Report

Business practices within GPS Antennas market are heavily influenced by changing trends across the category as well as within the broader Networking market. The ecosystem of GPS Antennas is part of an industry which is developing a host of new transformative technologies. Billions of dollars are being invested into this industry, and companies are in cutthroat competition to discover the next game changing technology, hardware, software, and services.

Buyers are showing an inclination to onboard suppliers whose offerings span beyond GPS Antennas. The practice brings in several advantages such as rationalization of supplier base, economies of scale and reduced category management cost.

New locations and vendors are emerging as cost effective suppliers of GPS Antennas, offering an opportunity to widen the supplier base and gain further negotiation leverage with incumbent suppliers.

As a result, category managers need to closely monitor the GPS Antennas procurement trends and identify changes required in their procurement environment for the category.

GPS Antennas 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 GPS Antennas procurement strategy.

For example, Procurement functions should develop custom processes to gain better visibility and involve GPS Antennas suppliers early in the procurement process.

Transferring to a new supplier can be often costly and can further get exacerbated by instances of vendor lock-ins. Buyers must scrutinize the offerings of service providers for any possibilities of vendor lock-ins and demand client testimonials from service providers to assess such possibilities. Watch out for products/services that are priced excessively low, as they can often result in costly lock-ins.

Buyers must clearly define clauses pertaining to the ownership of subcontracting services that are not a part of preferred suppliers' portfolios. Subcontractors should be bound by the same terms and conditions as the main contractor to ensure consistency in quality and manage any adverse event such as data breach.

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