Access curated Industrial Training Services procurement intelligence and solve all your questions on Industrial Training Services procurement outlook, cost saving opportunities in Industrial Training Services procurement and potential Industrial Training Services partners.
GET FREE SAMPLEThis report on global Industrial Training Services category is part of a larger series of reports on global Development and Training market. The scope of Development and Training spans multiple categories and is typically identified as a procurement category that includes all spend related to the provision of training and tuition that leads to skills development. The category may include spend on training and development materials if the contract includes goods and services.
The market for Development and Training and its sub-segments such as Industrial Training Services are at an interesting intersection. Buyers that have multiple locations under management are increasingly opting for a single supplier who can deliver L&D services in a consistent manner across locations. Often global L&D suppliers are preferred in such cases.Although companies are providing more learning opportunities and resources to employees, actual percentage of employees who have seriously completed such learning activities in still very low. Some of the reasons responsible for this trend are a 'one training fits all' approach, lack of personalization, engagement and demonstration of benefits in an employee's current work profile. Companies as well as L&D suppliers have realized these challenges and are coming up with solutions such as gamification and L&D delivery through multiple platforms.Some suppliers are using advanced technologies such as AR/VR in their learning programs and methods. This has the potential to enhance the learning experience, but category managers need to be aware of the higher cost and technological capabilities of the vendor to properly integrate these technologies in the right context.Trends like these and many others discussed in this report are necessitating a relook at the way Industrial Training Services is procured and the procurement cost saving opportunities that exist.
The report discusses in detail the best practices that have served well the category managers responsible for Industrial Training Services procurement. For example, Buyers prefer to streamline their training process at the global level. Therefore, buyers seek services that aid in the centralization of their learning processes through cloud-based platforms. SaaS provides a unified platform for learning where both the instructor and the learner can interact from remote locations and share information. This saves time and cost for buyers. Buyers must collaborate with service providers that offer mobile learning solutions, which help in accessing the training material from any location. This will aid employees from departments such as sales, which may not be able to attend all training sessions conducted onsite and achieving better ROI on L&D. Buyers should prefer to collaborate with service providers that offer one-stop solutions for L&D to avail significant cost savings through L&D consolidation. This includes learning planning and curriculum design, custom content design and development, user and administration training, and content management services.
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Industrial Training Services procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Industrial Training Services procurement. Some examples include:
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The report is intended to serve as a one-stop reference guide for Industrial Training 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 “Industrial Training Services: Procurement Report 101” as well as for category experts actively tracking the global Industrial Training Services procurement market.
You may have just initiated your research to design a winning Industrial Training 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.
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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!!
The Industrial Training 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 Industrial Training 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 Industrial Training 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 Industrial Training 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 Industrial Training 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 Industrial Training 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 Industrial Training 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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