Root Vegetables Market Procurement Intelligence Report

A buying guide for Root Vegetables category – enriched with research on Root Vegetables procurement spend patterns, Root Vegetables pricing intelligence, market dynamics and top suppliers of Root Vegetables.

GET FREE SAMPLE

Our category grouping process defines that the overall Environmental Goods market includes all spend related to the provision of materials used for or procured from agricultural, horticultual and animal-related activities. Dynamics of the global Root Vegetables market play out within this wider arena of Environmental Goods market. Therefore, our coverage of the Root Vegetables category also operates within this broader boundary of the overall Environmental Goods market.

Key questions on L4 procurement answered by this report

Strategic Sourcing Guide to Root Vegetables Procurement

Overview

The market for Environmental Goods and its sub-segments such as Root Vegetables are at an interesting intersection. Several factors in the value chain of Root Vegetables, such as labor cost, logistics, and energy costs are driving up the procurement costs. Additionally, engagement of suppliers who are still operating with outdated assets, technologies and processes is also increasing the cost for buyers.

Technology is improving productivity and creating fresh demand. Convergence of data science, automation tools, 3D printing, robotics, AI and big data has opened up multiple possibilities to better serve customers at a lower operational cost.

The global industry has seen a gradual increase in labor cost due to several factors, such as shortage of a trained workforce, increase in minimum wages, regulations around employee benefits and declining appeal for what have been traditionally called unskilled jobs. As the employee expenses increase, suppliers are compelled to pass some of this increase to their buyers by charging higher prices.

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

Root Vegetables Procurement Best Practices

Root Vegetables procurement best practices are moving towards a level of sophistication which is typically seen in traditional procurement categories. Category managers now have an attractive opportunity to adapt the best practices seen within this category as well as those being leveraged in other non-related categories. This report summarizes the best practices picked from across multiple categories that could work well for category managers involved with Root Vegetables procurement strategy.

For example, Suppliers that have an in-house maintenance and support team should be preferred. This will ensure that maintenance and aftersales support will be provided to the buyer at reduced rates by service providers.

Strong R&D focus is the sign of a supplier committed to enhancing the quality and cost proposition of its solutions. Buyers should collaborate with such suppliers for development of low-cost but highly efficiency products that can bring their OPEX down.

Buyers can consider engaging suppliers that use advanced technologies such as automation, robotics, and lean manufacturing in their manufacturing process. The use of such technologies enables suppliers to control their OPEX and reduce TAT, which will help buyers avail volume-based discounts on category purchases.


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 Root Vegetables procurement

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


  • The minimal infrastructure development for logistics in several parts of the world portrays a challenge for suppliers to maintain the standardization of logistics of materials
  • 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
  • Rise in the prices of key raw materials significantly increases the manufacturing cost within the category. Additionally, adverse weather conditions also impact the cost of certain raw materials negatively. Increased raw material cost in a supplier's hands can lead to an almost proportionate rise in the overall category costs

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 Root Vegetables 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 “Root Vegetables: Procurement Report 101” as well as for category experts actively tracking the global Root Vegetables procurement market.

     

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

Root Vegetables Category Insights: What is inside

The Root Vegetables 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 Root Vegetables procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Root Vegetables. 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 Root Vegetables 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 Root Vegetables 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 Root Vegetables 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 Avocados Market - Procurement Intelligence Report

Global Cereals Market - Procurement Intelligence Report

Global Limes Market - Procurement Intelligence Report

Global Artichokes Market - Procurement Intelligence Report

Global Chick Peas Market - Procurement Intelligence Report

Global Coconuts Market - Procurement Intelligence Report

Global Apricots Market - Procurement Intelligence Report

Global Pulpwood Market - Procurement Intelligence Report

Global Nitrogenous Fertilizers 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