Global Sheet Metal Industry - Procurement Market Intelligence Report
Published: Nov 2018
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Sheet metal market overview
Constant strides being made in the industrial sectors coupled with expectation for a better living of the global urban population is ensuring the substantial growth of the sheet metal market. However, after working in close quarters with the leading names in this market, it has been observed that several internal, as well as external factors, are thwarting the business dreams of potential investors in this market. This procurement intelligence report is the go-to-guide to all the potential investors to tackle such potential challenges and leverage the best of the market. According to this procurement market analysis report, while increasing demand for customized sheet metals will contribute towards the category growth, increasing stringency of regulatory laws, and category price volatility pose serious threats for the category growth during the forecast period. This procurement report also offers detailed insights into the supply market and identifies the key category growth drivers to help the buyers procure in the best sheet metal prices.
Why should you buy the report?
This procurement market research report has evaluated the current condition of the sheet metal market and has made suitable recommendations for all the potential investors in this market. From the perspective of the suppliers, this procurement market research report has highlighted certain segments of this category that will help them in increasing sales. From the perspective of the buyers, this procurement market research report has offered detailed information on the category pricing strategies to help them achieve cost-savings. The report also offers a coverage of the sustainability practices and the risk management/mitigation strategies to improve category spend.
Key insights offered in this procurement market research report will help the buyers:
Understand the spend potential within the sheet metal market
Assess the supply chain margins
Analyze the global and regional spend opportunity
Compare pricing models
Understand the global category spend on sheet metal market
According to this report, which is a part of SpendEdge's metals and mining category, increasing applications of this category for interior designing activities and embellishment of architectural elements will drive the category spend growth rate to a significant extent.
Additional insights offered in this procurement market analysis report include:
Global spend on sheet metal for the period of 2017-2022
Category hierarchy map
Category pricing strategies
Buyer and the supplier ecosystem
Optimize category spend for the sheet metal market
This market is characterized with highly volatile sheet metal prices owing to insufficient production capability of the suppliers, volatility in raw material prices, and geopolitical issues. In order to tackle such challenges, the buyers must insist on the inclusion of a clause in the contract where the supplier agrees to share the cost savings achieved during their manufacturing process.
This procurement market analysis report also offers a coverage of:
Strategic sustainability practices suited to the sheet metal market
Supplier and the buyer KPIs
Major category enablers
Understand the sheet metal supply landscape
Handling and packaging of the sheet metals constitute integral parts of the procurement process and are also some of the essential criteria to select the most pertinent suppliers. On that note, a supplier is expected to have appropriate material handling materials such as forklifts, conveyors, cranes, hoists, manipulators, and industrial trucks to reduce the risk of damaging the metal.
This procurement intelligence report also identifies the major costs incurred by the suppliers and offers a coverage of:
Suppliers positioning strategy
Supplier evaluation criteria
Supplier ecosystem outlook
Build effective category management strategies for the sheet metal market
Considering the nature of the sheet metal market, it is imperative that the category managers give prime importance to minimization of ad hoc purchases as inefficient ad hoc management will increase overall production cost. The category managers are advised to implement demand forecasting methods during the forecast period to limit such instances.
Key insights offered in this procurement intelligence report on sheet metal will help the buyers identify:
Global and regional category risks involved in the sheet metal market
Strategic sourcing metrics
Market environment score
An analysis of the top suppliers, sheet metal prices, and the best negotiation levers are offered in this procurement report on the sheet metal market.