Oil & Gas Pipe Coating Services Category Procurement Intelligence Report

Access curated Oil & Gas Pipe Coating Services procurement intelligence and solve all your questions on Oil & Gas Pipe Coating Services procurement outlook, cost saving opportunities in Oil & Gas Pipe Coating Services procurement and potential Oil & Gas Pipe Coating Services partners.

This report on global Oil & Gas Pipe Coating Services category is part of a larger series of reports on global Warehousing and Storage market. The scope of Warehousing and Storage spans multiple categories and is typically identified as a procurement category that includes all spend related to warehousing and storage including equipment, packaging and charges for space and miscellaneous expenses to run the storage facility.

Key questions on L4 procurement answered by this report

Strategic Sourcing Guide to Oil & Gas Pipe Coating Services Procurement

Overview

Several macro changes in the dynamics of overall Warehousing and Storage as well as Oil & Gas Pipe Coating Services procurement trends are poised to change the business practices and procurement thumb rules. Rise in minimum labor wages across countries such as the US and China will result in increased employee expenses for Oil & Gas Pipe Coating Services suppliers who will be forced to pass on a part of this increase to their buyers.

Sustainability has emerged as a pivotal theme for procurement decisions related to supply chain. Companies are expecting their suppliers to internalize globally accepted sustainability practices and demonstrate a solid history of putting in practice similar principles. It is worth noting that practices of sustainability are not limited to only environmental impact but has taken a greater meaning of practices that can reduce the overall cost of operations in the long term.

Managing the logistics risks and building a resilient supply chain has taken the centerstage among corporate priorities. Companies are investing heavily to be able to detect disruptions in time and respond in a manner which does not put the core operations at risk. All suppliers within the ecosystem are expected to play their part and embrace the processes, tools and technologies that their customers have implemented to build a resilient supply chain.

Category managers need to take note of the potential of these developments and reassess the changes required in their procurement practices.

Oil & Gas Pipe Coating Services Procurement Best Practices

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 Oil & Gas Pipe Coating Services. To help quick decision making, this report advises on several procurement best practices that have worked well for category managers.

For example, It is important for category managers to track and measure supplier performance against a defined set of KPIs that are agreed upon by both parties during contract negotiation, including inventory accuracy, dock-to-stock, and on-time shipment. This is critical to ensure the optimal level of service. Suppliers' performance can also be linked to a part of their fee, which can be paid depending on the level of services rendered.

Buyers must track suppliers' quality management systems to ensure that the products are stored in a hygienic environment and have almost zero probability of occurrence of damages. This is particularly critical for buyers in industries such as food and beverages and pharmaceutical.

Buyers should enter in long-term partnerships and collaborative relationships with service providers to benefit from economies of scale and reduced cost. Long-term contracts are established to avoid renewal costs and avoid time spent on renegotiation.


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Risks in Oil & Gas Pipe Coating Services procurement

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


  • The category is highly impacted by the global economic factors. Economic downturn and political upheaval, particularly in major international markets such as the US and China, results in huge uncertainties. Uncertainty in customer demand owing to changes in freight and shipping market from general economic fluctuations and decline in international freight demand negatively impact the category
  • Procurement without consulting the actual users of Oil & Gas Pipe Coating Services may result in a mismatch in expectations of the buyer's internal stakeholders versus the actual contract executed
  • Suppliers may face a situation where they are unable to honor a contract in its entirety due to shortage of resources, finances or capabilities. While contractual terms safeguard buyers from the non-performance, their operations could still face massive disruptions due to suppliers' non-performance

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Who should read this report

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

     

    You may have just initiated your research to design a winning Oil & Gas Pipe Coating 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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Key questions on Oil & Gas Pipe Coating 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 Pipe Coating 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 Pipe Coating Services market?
    • What is the correct price to pay for Oil & Gas Pipe Coating Services? What are the key trends and factors that influence current and future pricing?
    • Which selection criteria are the most important for Oil & Gas Pipe Coating Services Suppliers Market?
    • Who are the top Oil & Gas Pipe Coating Services suppliers? What are their cost structures?
    • Which negotiation levers can reduce Oil & Gas Pipe Coating Services procurement cost ?
    • What are supplier margins in Oil & Gas Pipe Coating Services market?
    • What are the best practices for Oil & Gas Pipe Coating Services procurement and what are the potential risks?

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Oil & Gas Pipe Coating Services Category Insights: What is inside

  • A comprehensive drill down on category sourcing execution: Data, insights, advisory

    The Oil & Gas Pipe Coating 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 Pipe Coating 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 Pipe Coating 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 Pipe Coating 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 Pipe Coating 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.

  • Unrivalled breadth of category analysis: at your fingertips

    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
  • A lucid, easy to read format: Enabling fast decisions

    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 Pipe Coating 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

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