Regasification Services | Suppliers | Pricing Trends , Best Practices

Strategic Sourcing Guide to Regasification Services Procurement

Overview

Business practices within Regasification Services market are heavily influenced by changing trends across the category as well as within the broader Energy market. 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.

Both buyer and supplier sides are putting technology in use to enhance performance across the value chain and capture hidden value from operations.

Digitization of assets, processes and systems has enabled new value propositions and cost saving opportunities within the Regasification Services category.

As a result, category managers need to closely monitor the Regasification Services procurement trends and identify changes required in their procurement environment for the category.

Regasification Services Procurement Best Practices

The report discusses in detail the best practices that have served well the category managers responsible for Regasification Services procurement.

For example, Competitive bidding as a cost optimization tool is extremely potent but should be carefully deployed only when there is no significant differentiation among Regasification Services suppliers.

Buyers of fuels must adopt regional sourcing model to obtain the benefits of reduced logistics costs, reduced inventory costs and lower turnaround times.

Buyers need to conduct periodic quality audits at the suppliers' facilities to assure adherence to the contract terms and compliance with regulations.

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Risks in Regasification Services procurement

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

Buyers and suppliers are required to comply with stringent environmental regulations, such as MARPOL treaty, Clean Air Act in the US. Any noncompliance with these regulations can result in hefty fines. Moreover, periodic changes in regulations affect the operations and costs of both buyers and suppliers as they incur additional efforts in aligning with the new norms. Changes such as these significantly increase the prices, and buyers might tend to shift toward more cost-effective solutions
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 Regasification Services
Severe weather conditions such as cyclones, floods, tsunamis, and earthquakes can significantly impact the value chains. Moreover, they can result in costly damages to human resources, facilities and infrastructure which can lead to inconsistency in supply

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Who should read this report

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

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

Regasification Services Category Insights: What is inside

The Regasification 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 Regasification 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 Regasification 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 Regasification 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 Regasification 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 Regasification 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.