Travel Data & Technology Outsourcing Category Procurement Intelligence Report

A buying guide for Travel Data & Technology Outsourcing category – enriched with research on Travel Data & Technology Outsourcing procurement spend patterns, Travel Data & Technology Outsourcing pricing intelligence, market dynamics and top suppliers of Travel Data & Technology Outsourcing.

Ecosystem of the global Travel Data & Technology Outsourcing category is intertwined with the larger parent market of HR Services. Our category definition describes that overall HR Services market includes all spend related to HR services delivery relating to staff of the organization spanning the entire employee lifecycle - from the hiring process to the retirement process.

Key questions on L4 procurement answered by this report

Strategic Sourcing Guide to Travel Data & Technology Outsourcing Procurement

Overview

Business practices within Travel Data & Technology Outsourcing market are heavily influenced by changing trends across the category as well as within the broader HR Services market. People analytics has emerged as a rather new branch of HR function with an aim to gain deeper insights into an employee's behavior, motivators, risk of attrition and general wellbeing. There is a high demand for suppliers who can integrated technology in traditional processes to generate insights on the buyers' talent pool.

Changing workforce demographics are creating challenges in identifying the right talent mix and processes that can keep the talent pool motivated and satisfied with their work.

Even though global population is increasing, the availability of adequately trained talent pool is reducing in many geographies. Lack of skilled in-house manpower continues to be the largest factor for hiring of Travel Data & Technology Outsourcing. Companies are designing processes where the internal talent can work on the most value-adding activities and all non-core activities can be handed over to a third-party.

As a result, category managers need to closely monitor the Travel Data & Technology Outsourcing procurement trends and identify changes required in their procurement environment for the category.

Travel Data & Technology Outsourcing Procurement Best Practices

As market conditions become more dynamic and procurement practices get more sophisticated, category managers need to be cognizant of the best practices that work for their Travel Data & Technology Outsourcing category procurement. The report offers a succinct analysis of Travel Data & Technology Outsourcing procurement best practices.

For example, Employers are focusing on providing employee-friendly interfaces (such as mobile-enabled services and web portals) to access and manage benefits and options available to employees. Suppliers who have the technical capabilities to seamlessly integrate with the employer's internal systems without comprising the data protection should be preferred.

Besides shortlisting potential suppliers based on services offered and cost, they also need to be evaluated against several other critical parameters. Some examples of these parameters are compliance with laws and regulations, capability to protect personally identifiable information and technical standards adopted (e.g. user interface, user exchange standards, data exchange standards). RFPs soliciting the above information ensures competition among suppliers and facilitates efficient evaluation.

Large organizations are opting to streamline and centralize their personnel-related administration functions at the global level to realize efficiencies and consistency in the employee benefits and related policies.


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Risks in Travel Data & Technology Outsourcing procurement

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


  • 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 Travel Data & Technology Outsourcing
  • Many service providers offer services via SaaS, mobile technology, and desktop software. If they do not remain up-to-date with the latest technologies and keep up with changing industry standards, they may not only be unable to resolve clients' problems but also lose the interest of potential clients
  • To provide good quality services and solve issues, service providers must have highly skilled and experienced employees. Inability to attract and retain talented employees will impact their competitiveness and relevancy in the market

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Who should read this report

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

     

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

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Travel Data & Technology Outsourcing Category Insights: What is inside

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

    The Travel Data & Technology Outsourcing 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 Travel Data & Technology Outsourcing procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Travel Data & Technology Outsourcing. 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 Travel Data & Technology Outsourcing 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 Travel Data & Technology Outsourcing 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 Travel Data & Technology Outsourcing 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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