Oil & Gas Land Services Category Procurement Intelligence Report

A purchasing guide for Oil & Gas Land Services – rich advisory on spend outlook in Oil & Gas Land Services, pricing analysis for Oil & Gas Land Services procurement cost benchmarking, negotiation strategies and key vendors of Oil & Gas Land Services.

GET FREE SAMPLE

Ecosystem of the global Oil & Gas Land Services category is intertwined with the larger parent market of Technical Services. Our category definition describes that overall Technical Services market includes all spend related to technical services used to fill a skills gap for the defined subject areas where the service requirement includes delivery or implementation in a technical domain such as engineering, forensic and laboratory, preservation and technical development and design. Materials and consultancy are not part of this category unless the contract specifically provides for their inclusion.

Key questions on L4 procurement answered by this report

Strategic Sourcing Guide to Oil & Gas Land Services Procurement

Overview

The market for Technical Services and its sub-segments such as Oil & Gas Land Services are at an interesting intersection. New locations and vendors are emerging as cost effective suppliers of Oil & Gas Land Services, offering an opportunity to widen the supplier base and gain further negotiation leverage with incumbent suppliers.

Lack of skilled in-house manpower continues to be the largest factor for hiring of Oil & Gas Land Services.

Suppliers are increasingly offering a 'bundle' of services which is marketed as a cost saving option. The bundled offering often includes services that are not required by the buyer or are charged at a much higher rate than an A la carte option with another supplier.

Trends like these and many others discussed in this report are necessitating a relook at the way Oil & Gas Land Services is procured and the procurement cost saving opportunities that exist.

Oil & Gas Land Services Procurement Best Practices

Sometimes, procurement functions are unable to timely alter their practices while responding to market conditions. Industry experts acknowledge that periodically reviewing procurement best practices and adopting learnings from across procurement categories can help procurement teams respond to market needs in a more agile way. This report combines our experience of other categories with Oil & Gas Land Services procurement insights and hand picks best practices that can work for category managers delving in this market.

For example, Investing in benchmarking studies help category managers improve their knowledge on market pricing or billing rates of suppliers by job role and function. This also allows them to save costs as well as negotiate better with service providers.

Cost saving opportunities may reduce exponentially in relation to the time left for current contract to expire or required timeline to start the engagement. Therefore sufficient interval should exist between initation of new procurement and expected start date of the new contract for Oil & Gas Land Services.

Buyers should engage suppliers that can provide services customized for their industry. Though most suppliers offer services across various industries, category managers should ensure that services can be customized and negotiate on pricing based on the level of required customization.


Activate your free account to gain easy access to cutting edge research and insights on consumers, emerging price trends, global and regional suppliers.


Risks in Oil & Gas Land Services procurement

Oil & Gas Land Services procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Oil & Gas Land Services procurement. Some examples include:


  • Pricing terms in the contract could prove to be inadequate to safeguard the buyer from impact of a sudden increase in supplier's cost, often arising from a lack of clarity on scope of products or services to be delivered
  • Procurement without consulting the actual users of Oil & Gas Land Services may result in a mismatch in expectations of the buyer's internal stakeholders versus the actual contract executed
  • Service providers need to continually innovate and stay updated with the latest technologies adopted in the category market to offer improved services. Any latency in technological offerings or failure to meet the expectations of clients can result in loss of business

For detailed insights and complete access to our report library, activate your free account!

Who should read this report

  • The report is intended to serve as a one-stop reference guide for Oil & Gas Land 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 “Oil & Gas Land Services: Procurement Report 101” as well as for category experts actively tracking the global Oil & Gas Land Services procurement market.

     

    You may have just initiated your research to design a winning Oil & Gas Land 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.

SpendEdge Insights Subscription

Unlock SpendEdge's comprehensive procurement report collection with ease through our procurement platform.


Key questions on Oil & Gas Land Services procurement answered by this report


    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 Oil & Gas Land 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:

     

    • What is the spend potential in the Oil & Gas Land Services market?
    • What is the correct price to pay for Oil & Gas Land Services? What are the key trends and factors that influence current and future pricing?
    • Which selection criteria are the most important for Oil & Gas Land Services Suppliers Market?
    • Who are the top Oil & Gas Land Services suppliers? What are their cost structures?
    • Which negotiation levers can reduce Oil & Gas Land Services procurement cost ?
    • What are supplier margins in Oil & Gas Land Services market?
    • What are the best practices for Oil & Gas Land Services procurement and what are the potential risks?

SpendEdge Insights has helped procurement professionals and sourcing teams manage multiple spend areas and achieve more than $2 billion in savings. Activate your free account today!

Oil & Gas Land Services Category Insights: What is inside

The Oil & Gas Land 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.

Data

A key highlight of this report is the in-depth outlook created on Oil & Gas Land 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 Oil & Gas Land Services. A dedicated section to supplier profiles and evaluation helps decision makers cast a wider procurement net and identify gaps in existing relationships.

Insights

Along with specific category and supplier intelligence, the publication also includes curated insights on Oil & Gas Land 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.

Advisory

Additionally, the report also advises on the best practices and strategies to manage the Oil & Gas Land 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.

Category Ecosystem

  • Buyer and supplier ecosystem
  • Competitiveness index
  • Buyer and supplier power
  • Threat of new entrants and substitutes

Global and Regional Sourcing Insights

  • Category spend
  • Spend growth
  • Dynamics
  • Opportunities

Pricing and Cost Analysis

    • Pricing outlook and data
    • Drivers of pricing
    • Cost structure and inputs cost
    • Total cost of ownership
    • Pricing models and margins

Cost Saving Opportunities & Negotiation Strategies

  • Buyer and supplier side levers
  • Quantified cost saving opportunities
  • Negotiation strategies and quantified outcome

Procurement Best Practices, Strategy and Enablers

  • Procurement excellence
  • Sustainability and innovation
  • KPIs and category enablers
  • Risk management and outsourcing

Vendor Analysis

  • RFx essentials and selection criteria
  • SLAs
  • Supplier evaluation metrics
  • Detailed supplier profiles

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?”

Category Research Framework


SpendEdge presents a detailed picture of Oil & Gas Land 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.

Information Sources


Primary research
Secondary research
Procurement heads
Industry journals and reports
Category managers
Periodicals and new articles
Sourcing consortium professionals
Category webinars
Industry experts and thought leaders
Internal categiry playbooks
Procurement managers
Industry/government websites on regulations, compliance
Category heads of suppliers
Internal databases
Client account heads/managers
Industry blogs/thought leader briefings
Client and industry consultants

Related reports

Global Drafting Market - Procurement Intelligence Report

Global Oil and Gas Well Maintenance Market - Procurement Intelligence Report

Global Feasibility Studies Market - Procurement Intelligence Report

Global Equipment And Assets Design Services Market - Procurement Intelligence Report

Global Cathodic Protection Services Market - Procurement Intelligence Report

Global 3D Modeling Market - Procurement Intelligence Report

Global Geotechnical Engineering Services Market - Procurement Intelligence Report

Global Predictive Maintenance Market - Procurement Intelligence Report

Global Permit Acquisition And Management Market - Procurement Intelligence Report

Read More

Access this report and our entire procurement platform | Plans starting from USD 3000/ Year Buy Now

Copyright © 2024 Infiniti Research Limited. All Rights Reserved. Privacy NoticeTerms of UseSales and Subscription