A complete buyer's guide that provides comprehensive insights on OCTG Supply Chain Services category spend, spend growth and regional segmentation; in-depth price trends; negotiation levers and analysis of OCTG Supply Chain Services suppliers.
GET FREE SAMPLEEcosystem of the global OCTG Supply Chain Services category is intertwined with the larger parent market of Industrial Goods. Our category definition describes that overall Industrial Goods market includes all spend on heavy goods and structures that are essential for the manufacturing process of an industry.
The market for Industrial Goods and its sub-segments such as OCTG Supply Chain Services are at an interesting intersection. Procurement costs for OCTG Supply Chain Services are highly impacted by an increase in the costs associated with the value chain of OCTG Supply Chain Services, such as logistics, labor cost and energy. Additionally, outdated assets are also increasing the cost for suppliers.Volatility in the prices of key inputs is creating multiple issues that impact procurement within OCTG Supply Chain Services category such as benchmarking and budgeting of the procurement costs.Suppliers of OCTG Supply Chain Services are moving up the value chain - both organically as well as through M&As. Their portfolios are increasingly being diversified with the objective of offering integrated solutions that go beyond just OCTG Supply Chain Services. Even buyers are engaging vendors who can act as a one-stop solution provider across their geographic footprint. Such strategic engagements can help buyers with savings associated with economies of scale and management of a much smaller supplier base.Trends like these and many others discussed in this report are necessitating a relook at the way OCTG Supply Chain Services is procured and the procurement cost saving opportunities that exist.
It has become imperative for category managers to remain as agile as possible in terms of their procurement practices. However, it is not always easy to quickly spot and implement alternative practices in a category like OCTG Supply Chain Services. To help quick decision making, this report advises on several procurement best practices that have worked well for category managers. For example, Buyers should assess the level of adoption of the latest technologies by suppliers to assess cost-saving opportunities and quality that can be provided by the latter. For instance, the adoption of technologies such as cloud computing will enable suppliers to reduce their internal computing hardware requirements for operations such as CAD and CAM. This can, in turn, enable them to reduce their operating costs, thereby suppliers can offer products at lower rates to buyers.Buyers need to evaluate the in-depth expertise of suppliers in the OCTG Supply Chain Services industry. This can be assessed by considering factors such as the years of experience, number of resources that have multi-year experience of working in the same industry and at least 3 to 5 credentials for the supplier.Buyers should engage with suppliers that repurchase used products at fair market value. This assists buyers to dispose of used products in a convenient manner. Also, during such repurchases, suppliers provide credits to buyers for future purchases. This reduces overall procurement costs for buyers.
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OCTG Supply Chain Services procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for OCTG Supply Chain Services procurement. Some examples include:
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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!!
You may have just initiated your research to design a winning OCTG Supply Chain 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.
The report is intended to serve as a one-stop reference guide for OCTG Supply Chain 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 “OCTG Supply Chain Services: Procurement Report 101” as well as for category experts actively tracking the global OCTG Supply Chain Services procurement market.
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The OCTG Supply Chain 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 OCTG Supply Chain 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 OCTG Supply Chain 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 OCTG Supply Chain 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 OCTG Supply Chain 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 OCTG Supply Chain 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 OCTG Supply Chain 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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