A complete buyer's guide that provides comprehensive insights on Utility Locating Services category spend, spend growth and regional segmentation; in-depth price trends; negotiation levers and analysis of Utility Locating Services suppliers.GET FREE SAMPLE
This report on global Utility Locating Services category is part of a larger series of reports on global Energy market. The scope of Energy spans multiple categories and is typically identified as a procurement category that includes all spend related to the provision of energy including electricity, gas and alternative energy. This includes management related services such as meter reading and any levies, but does not include the provision of infrastructure installations for energy.
The market for Energy and its sub-segments such as Utility Locating Services are at an interesting intersection. The increasing demand for environment friendly solutions is changing the Utility Locating Services category dynamics as well.A growing world population and economic development, especially in Asian countries has shifted the demand supply equation and has created a more complex supply chain for Utility Locating Services category.New developments in global geo-politics and China's shifting policies are altering supply and investment avenues within Utility Locating Services category.Trends like these and many others discussed in this report are necessitating a relook at the way Utility Locating Services is procured and the procurement cost saving opportunities that exist.
It has become imperative for category managers to remain as agile as possible in terms of their procurement practices. However, it is not always easy to quickly spot and implement alternative practices in a category like Utility Locating Services. To help quick decision making, this report advises on several procurement best practices that have worked well for category managers. For example, Cost saving opportunities may reduce exponentially in relation to the time left for current contract to expire. Therefore sufficient interval should exist between initation of new procurement and expiration of existing contract for Utility Locating Services.Buyers need to conduct periodic quality audits at the suppliers' facilities to assure adherence to the contract terms and compliance with regulations.Buyers should engage with suppliers that are involved in vertical integration to reduce supply chain related bottlenecks.
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Utility Locating Services procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Utility Locating Services procurement. Some examples include:
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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 Utility Locating 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 Utility Locating 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 “Utility Locating Services: Procurement Report 101” as well as for category experts actively tracking the global Utility Locating Services procurement market.
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The Utility Locating 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:
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The Utility Locating 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.
A key highlight of this report is the in-depth outlook created on Utility Locating 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 Utility Locating Services. A dedicated section to supplier profiles and evaluation helps decision makers cast a wider procurement net and identify gaps in existing relationships.
Along with specific category and supplier intelligence, the publication also includes curated insights on Utility Locating 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.
Additionally, the report also advises on the best practices and strategies to manage the Utility Locating 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.
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?”
SpendEdge presents a detailed picture of Utility Locating 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.