Janitorial Equipment and Supplies Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025

Janitorial Equipment and Supplies Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025

  • Published: Jan 2021
  • Pages: 120
  • SKU: IRCMSTR21082

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Janitorial Equipment and Supplies Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

The janitorial equipment and supplies will grow at a CAGR of 5.50% during 2021-2025. Prices will increase by 3%-5% during the forecast period and suppliers will have moderate bargaining power in this market. 3M Co., W. W. Grainger Inc., Sonepar Group, Costco Wholesale Corp., Staples Inc., OFFICE DEPOT INC., Amazon.com Inc., WalMart Inc., Kimberly-Clark Corp., and Worldwide Janitor are among the prominent suppliers in the janitorial equipment and supplies market.

Who are the Top Suppliers in the Janitorial Equipment and Supplies Market?

Browse table of contents & list of exhibits and sample illustrations on spend growth, pricing trends, etc.

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Leading global suppliers can assist buyers in realizing high-cost savings through their efforts on areas such as supplier synergies, reducing total ownership cost, manage ad hoc spend, operations automation, quality management, reduction in ad-hoc spend, adoption of automation, managing inventory shrinkage, and conference participation. Collaborations with global suppliers will also help buyers in cost-saving and ensure high-quality procurement in the dynamic market.

This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their equipment finance requirements. Some of the leading equipment finance suppliers profiled extensively in this report include:

 

  • 3M Co.
  • W. W. Grainger Inc.
  • Sonepar Group
  • Costco Wholesale Corp.
  • Staples Inc.
  • OFFICE DEPOT INC.
  • Amazon.com Inc.
  • WalMart Inc.
  • Kimberly-Clark Corp.
  • Worldwide Janitor

 

Supplier Selection and Evaluation

Profile and service capabilities of the service provider, industry specialization of the service providers, reputation of service providers, and assessment of value-added services are some of the most critical parameters that buyers use to shortlist the suppliers in equipment finance.

This report evaluates suppliers based on one-stop solutions, regulatory compliance, transparency in the pricing structure, and logistic capabilities. In addition, suppliers are also shortlisted based on business needs, technical specifications, operational requirements, security compliance, regulatory mandates, legal requirements, quality control, change management procedures, pricing models, penalty clauses, SLA nuances, acceptance criteria, and evaluation criteria.

What are the Major Pricing Trends in Janitorial Equipment and Supplies Procurement?

The pressure from substitutes and a moderate level of threat from new entrants has resulted in the moderate bargaining power of suppliers. This makes it extremely important to get the pricing and pricing model right. Buyers should align their preferred pricing models for janitorial equipment and supplies with the wider industry and identify the cost-saving potential.

Volume-based pricing, unit-based pricing, and cost-plus pricing are the most widely adopted pricing models in janitorial equipment and supplies. Each pricing model offers optimum benefits and fitment in specific situations. Buyers should identify the model that suits their operations in the best manner and link supplier performance to the pricing models.

Price Strategies and Benchmark

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To optimize the value of the purchase it is crucial to keep track of current and future price trends. Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects a change of 3%-5%.

  • Identify favorable opportunities in janitorial equipment and supplies TCO (total cost of ownership)
  • Expected changes in price forecast and factors driving the current and future price changes
  • Identify pricing models that offer the most rewarding opportunities

Will there be an Increase in the Spend Growth for Janitorial Equipment and Supplies Procurement?

The report provides a complete drill-down on the global equipment finance spend outlook at a global as well as regional level. Current spend scenario, growth outlook, incremental spend, and other key information are available individually for North America, South America, Europe, Middle East and Africa, and APAC.

Spend Growth and Demand Segmentation

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The janitorial equipment and supplies market will register an incremental spend of about $ 7.67 billion during the forecast period. Only a few regions will drive the majority of this growth. On the supply side, North America, South America, Europe, Middle East and Africa, and APAC will have the maximum influence owing to the supplier base.

The drivers and inhibitors that influence these global and regional outlooks are also elaborated in detail. Our in-depth growth decomposition analysis covers details on:

  • Factors driving the growth (or lack of it) in individual geographies
  • Regions that hold the most rewarding opportunities for buyers and suppliers
  • Is the spend growth cyclical and when will the growth curve peak?

What are the Major Category Management Objectives for Janitorial Equipment and Supplies Sourcing?

A targeted strategic approach to janitorial equipment and supplies sourcing will provide several opportunities for buyers. However, in the absence of actionable intelligence on janitorial equipment and supplies, buyers have resulted in a transaction-based approach towards the category. The buyers have moderate bargaining power in this market and a holistic category management approach will help buyers maximize the value on their equipment finance procurement.

The report explains key category management objectives that should form the base for sourcing strategy, including:

 

  • Top-line growth
  • Green initiatives
  • Scalability of inputs
  • Category innovations
  • Supply base rationalization
  • Demand forecasting and governance
  • Minimalization of ad hoc purchases
  • Adherence to regulatory nuances
  • Cost savings
  • Customer retention
  • Reduction of TCO
  • Supply assurance

 

In addition to helping buyers in identifying the strategic goals and initiatives for category management, the report will also help create the necessary support structure to facilitate implementation. This report provides in-depth inputs on streamlining category management practices and provides detailed answers on:

  • The strategic sourcing objectives, activities, and enablers for janitorial equipment and supplies category
  • Janitorial equipment and supplies procurement best practices to promote in my supply chain

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Executive Summary

    Market Insights

      Category Pricing Insights

        Cost-saving Opportunities

          Best Practices

            Category Ecosystem

              Category Management Strategy

                Category Management Enablers

                  Suppliers Selection

                    Suppliers under Coverage

                      US Market Insights

                        Category scope

                          Appendix

                            Research Framework

                            SpendEdge presents a detailed picture of the market 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.

                            INFORMATION SOURCES

                            Primary sources

                            • Procurement heads
                            • Category managers
                            • Sourcing consortium professionals
                            • Industry experts and thought leaders
                            • Procurement managers
                            • Category heads of suppliers
                            • Client account heads/managers
                            • Client and industry consultants

                            Secondary sources

                            • Industry journals and reports
                            • Periodicals and new articles
                            • Category webinars
                            • Internal categiry playbooks
                            • Industry and government websites on regulations and compliance
                            • Internal databases
                            • Industry blogs/thought leader briefings

                            DATA ANALYSIS

                            Janitorial Equipment and Supplies Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025
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                            The janitorial equipment and supplies procurement market will grow at a CAGR of about 5.5% during 2021-2025.
                            During 2021-2025, the janitorial equipment and supplies procurement market will register an incremental spend of about $ 7.67 billion.
                            3M Co., W. W. Grainger Inc., Sonepar Group, Costco Wholesale Corp., Staples Inc., OFFICE DEPOT INC., Amazon.com Inc., WalMart Inc., Kimberly-Clark Corp., and Worldwide Janitor are some of the prominent suppliers in janitorial equipment and supplies market.
                            Volume-based pricing, unit-based pricing, and cost-plus pricing are the widely adopted pricing models in janitorial equipment and supplies procurement.
                            During the forecast period, the price for janitorial equipment and supplies procurement will increase by 3%-5%.