A buying guide for Liquid Fuels category – enriched with research on Liquid Fuels procurement spend patterns, Liquid Fuels pricing intelligence, market dynamics and top suppliers of Liquid Fuels.
GET FREE SAMPLEOur category grouping process defines that the overall Fuel market includes all spend related to the provision of fuels including solid and liquid fuels. It may also include spend related to transporation and storage of fuel across different geographic locations across the globe as well as any spend on additives to enhance performance of the fuel. Dynamics of the global Liquid Fuels market play out within this wider arena of Fuel market. Therefore, our coverage of the Liquid Fuels category also operates within this broader boundary of the overall Fuel market.
A changing ecosystem within the Fuel market also affects the procurement process, cost dynamics and supplier attractiveness for the buyers of Liquid Fuels. New developments in global geo-politics and China's shifting policies are altering supply and investment avenues within Liquid Fuels category.Digitization of assets, processes and systems has enabled new value propositions and cost saving opportunities within the Liquid Fuels category.Suppliers have put greater emphasis on evaluation of their traditional business models and find opportunities that can create value for themselves as well as their clients.
Liquid Fuels 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 Liquid Fuels procurement strategy. For example, Buyers should engage with suppliers that are involved in vertical integration to reduce supply chain related bottlenecks. Buyers should engage with suppliers that have made high R&D investments in terms of product innovations and incorporation of technologies that results in better quality and/or lower costs. Cost saving opportunities may reduce exponentially in relation to the time left for current contract to expire. Therefore sufficient interval should exist between initation of new procurement and expiration of existing contract for Liquid Fuels.
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Liquid Fuels procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Liquid Fuels procurement. Some examples include:
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The report is intended to serve as a one-stop reference guide for Liquid Fuels 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 “Liquid Fuels: Procurement Report 101” as well as for category experts actively tracking the global Liquid Fuels procurement market.
You may have just initiated your research to design a winning Liquid Fuels 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 Liquid Fuels 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 Liquid Fuels 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 Liquid Fuels procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Liquid Fuels. 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 Liquid Fuels 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 Liquid Fuels 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 Liquid Fuels 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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