Temporary Medical Staffing Services Market Procurement Intelligence Report

Access curated Temporary Medical Staffing Services procurement intelligence and solve all your questions on Temporary Medical Staffing Services procurement outlook, cost saving opportunities in Temporary Medical Staffing Services procurement and potential Temporary Medical Staffing Services partners.

Scope of the report

Ecosystem of the global Temporary Medical Staffing Services category is intertwined with the larger parent market of Contingent Labour. Our category definition describes that overall Contingent Labour market includes all spend related to contingent labour that is temporarily filling a skills or manpower gap which would normally be carried out in-house, filling an established post but always working within the organisation under direction for a short term.

KEY PROCUREMENT INSIGHTS COVERED

Strategic Sourcing Guide to Temporary Medical Staffing Services Procurement

Overview

Several macro changes in the dynamics of overall Contingent Labour as well as Temporary Medical Staffing Services procurement trends are poised to change the business practices and procurement thumb rules. Traditionally, clients were charged on per diem basis for Temporary Medical Staffing Services. However, rising pressure from clients to decrease pricing has resulted into an alternative pricing model of value-oriented billing where supplier's remuneration is linked to the performance or outcome of the project.

Many major Temporary Medical Staffing Services suppliers are seeking inorganic growth to diversify their services and gain access to new products and new technologies at a lower cost. The strategy serves consultancy companies well as they can pitch for a larger scope of work and truly become strategic partners of their clients.

The market is rapidly showing signs of a great divide - at one extreme is a low-cost market with almost commoditized services and at the other end is the market for high cost specialized services. Temporary Medical Staffing Services vendors are adopting starkly different business models and cost structures in an effort to address both the markets.

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

Temporary Medical Staffing Services Procurement Best Practices

Temporary Medical Staffing Services 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 Temporary Medical Staffing Services procurement strategy.

For example, Buyers should invite bids from industry competitors to ensure that the offers they receive are competitive. Service providers may be willing to offer a multi-year engagement at a reduced fee, which can be beneficial for category buyers in the long-term.

Buyers need to adopt a single sourcing model instead of sourcing from different consultants to strengthen their partnership with the selected service provider. This also reduces management complexity, as they need to deal with a single Point of contact.

Buyers should engage with service providers that can provide integrated services, including consulting, implementation, and support services.


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Risks in Temporary Medical Staffing Services procurement

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


  • Buyers have to undergo substantial overhead costs if services need to be maintained by them for a longer period of time
  • Pricing terms in the contract could prove to be inadequate to safeguard the buyer from impact of a sudden increase in supplier's cost, often arising from a lack of clarity on scope of products or services to be delivered
  • Rising labor costs may lead to increased procurement cost for buyers, especially with developed markets such as North America and Western Europe

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Who should read 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!!

    You may have just initiated your research to design a winning Temporary Medical Staffing 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.

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

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Key questions on Temporary Medical Staffing Services procurement answered by this report

    The Temporary Medical Staffing 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 Temporary Medical Staffing Services market?
    • What is the correct price to pay for Temporary Medical Staffing Services? What are the key trends and factors that influence current and future pricing?
    • Which selection criteria are the most important for Temporary Medical Staffing Services Suppliers Market?
    • Who are the top Temporary Medical Staffing Services suppliers? What are their cost structures?
    • What are supplier margins in Temporary Medical Staffing Services market?
    • Which negotiation levers can reduce Temporary Medical Staffing Services procurement cost ?
    • What are the best practices for Temporary Medical Staffing Services procurement and what are the potential risks?

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Temporary Medical Staffing Services Category Insights: What is inside

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

    The Temporary Medical Staffing 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 Temporary Medical Staffing 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 Temporary Medical Staffing 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 Temporary Medical Staffing 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 Temporary Medical Staffing 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 Temporary Medical Staffing 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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