Permanent Resourcing Services | Market, Trends, Growth | Suppliers Analysis

Strategic Sourcing Guide to Permanent Resourcing Services Procurement

Overview

The market for Development and Training and its sub-segments such as Permanent Resourcing Services are at an interesting intersection. Labor cost constitutes a key component of L&D providers' OPEX. Factors such as rise in the cost of living, increase in the local wage policies across geographies, and rise in wages and remuneration packages will propel service providers' OPEX and therefore use of automation and other tools will further increase to offset some of the rise in cost of operations.

Some suppliers are using advanced technologies such as AR/VR in their learning programs and methods. This has the potential to enhance the learning experience, but category managers need to be aware of the higher cost and technological capabilities of the vendor to properly integrate these technologies in the right context.

Integration of the latest technology in learning requires significant investments and therefore procurement costs are expected to rise for learning modules based on advanced technologies. In the long run, buyers could see stable pricing as suppliers recover their technology cost.

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

Permanent Resourcing 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 Permanent Resourcing 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 engage with service providers that offer interactive training solutions such as gamification, VR, and interactive videos to simulate real-world applications. These solutions are known to improve the effectiveness of learning programs.

Buyers should prefer to partner with suppliers that have at least 3-5 references of their performance delivery. Buyers can also evaluate these suppliers by taking feedback from their peers in the industry on the flexibility, quality, and adaptability of the supplier.

Buyers must collaborate with service providers that offer mobile learning solutions, which help in accessing the training material from any location. This will aid employees from departments such as sales, which may not be able to attend all training sessions conducted onsite and achieving better ROI on L&D.

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Risks in Permanent Resourcing Services procurement

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

Loss or misuse of sensitive information of buyers, such as data on workforce, clients, and other vendors, is a potential risk
When requirements of the buyers are not absolutely clear or usage patterns are not stable or predictable, suppliers often build in \"cost buffers\" for unforeseen risks due to a lack of complete understanding on buyer's requirements. This increases the risk of overspending on Permanent Resourcing Services
Learning and development firms provide buyers with their own training materials/content/courses in alignment with the latter's business requirements. This may be developed by the suppliers on their own or purchased from third-party vendors. These materials can be subject to copyrights, and infringements can place buyers' reputations at risk and also lead to legal action against them

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Who should read this report

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

You may have just initiated your research to design a winning Permanent Resourcing 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 Permanent Resourcing 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 Permanent Resourcing 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 Permanent Resourcing Services market?
What is the correct price to pay for Permanent Resourcing Services? What are the key trends and factors that influence current and future pricing?
Which selection criteria are the most important for Permanent Resourcing Services Suppliers Market?
Who are the top Permanent Resourcing Services suppliers? What are their cost structures?
Which negotiation levers can reduce Permanent Resourcing Services procurement cost ?
What are supplier margins in Permanent Resourcing Services market?
What are the best practices for Permanent Resourcing 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!

Permanent Resourcing Services Category Insights: What is inside

The Permanent Resourcing 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 Permanent Resourcing 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 Permanent Resourcing 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 Permanent Resourcing 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 Permanent Resourcing 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?”

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Category Research Framework

SpendEdge presents a detailed picture of Permanent Resourcing 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.