Toners Category Procurement Intelligence Report

A purchasing guide for Toners – rich advisory on spend outlook in Toners, pricing analysis for Toners procurement cost benchmarking, negotiation strategies and key vendors of Toners.

This report on global Toners category is part of a larger series of reports on global Office Supplies market. The scope of Office Supplies spans multiple categories and is typically identified as a procurement category that includes spend on all general office supplies and consumables - both movable and immovable. However, ICT consumables and printing supplies are excluded from the category.

Key questions on L4 procurement answered by this report

Strategic Sourcing Guide to Toners Procurement

Overview

The market for Office Supplies and its sub-segments such as Toners are at an interesting intersection. As a smaller indirect spend category, has largely escaped the intense scrutiny and analysis that procurement functions extend to most direct spend categories. However, some of the suppliers have begun to offer intelligent solutions to procure and analyze expenditure on each of the items so that effective budgeting can be done. Given the trend, more vendors are expected to offer such tools to buyers.

Offices in large corporations and organizations generate a lot of solid waste every day. Many organizations are now adopting practices to reduce their environmental footprint. In line with these aspirations, demand for recyclable office solutions and supplies is increasing. Parcel/courier packaging, stationery, small equipment and consumables are either being recycled or being manufactured with recycled materials.

Globalization has opened new markets for suppliers. Toners market was historically a localized industry, but many geographies have seen introduction of new, foreign players who brought with them a new set of business practices and value propositions. Influx of this new competition has forced the traditional local suppliers to innovate and enhance their offerings to match the new benchmarks.

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

Toners Procurement Best Practices

Sometimes, procurement functions are unable to timely alter their practices while responding to market conditions. Industry experts acknowledge that periodically reviewing procurement best practices and adopting learnings from across procurement categories can help procurement teams respond to market needs in a more agile way. This report combines our experience of other categories with Toners procurement insights and hand picks best practices that can work for category managers delving in this market.

For example, Buyers must accumulate essential data across their information systems and suppliers to create benchmarks for cost, quality and service levels for Toners suppliers.

Instead of customarily fixing the contract length to one or two years, buyers should determine the contract length based on market conditions and their likely impact on cost in future.

Advanced data analytics systems should be actively used to identify compliance issues, demand, and price tracking.


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Risks in Toners procurement

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


  • Offsite storage facilities face the risk of natural disasters such as earthquakes and floods that can lead to huge business losses. Hence, buyers should choose storage facilities based on climate control measures adopted, location of facilities, and fire suppression systems
  • 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
  • Procurement without consulting the actual users of Toners may result in a mismatch in expectations of the buyer's internal stakeholders versus the actual contract executed

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Who should read this report

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

     

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

Toners Category Insights: What is inside

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

    The Toners 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 Toners procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Toners. 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 Toners 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 Toners 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 Toners 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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