Whiteboard Accessories | Intelligence Report

Strategic Sourcing Guide to Whiteboard Accessories Procurement

Overview

A changing ecosystem within the Office Supplies market also affects the procurement process, cost dynamics and supplier attractiveness for the buyers of Whiteboard Accessories. 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.

Recent advances in information technology and online commerce have allowed buyers to increasingly utilize e-auctioning as a mechanism to reduce costs across the value chain. E-auctioning allows buyers to reduce the procurement lead times, increase their supplier base and connect with sellers and intermediaries simultaneously.

Many suppliers have begun to use various online media platforms such as social networking sites and mobile applications to expand their digital presence. It is because digital marketing helps suppliers reach target audience in a cost-effective manner. Also, as most of the leading suppliers of the market have invested in online commerce, digital marketing also helps generate online sales and create brand loyalty. Benefits of digital marketing are making suppliers invest in digital marketing solutions.

Whiteboard Accessories 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 Whiteboard Accessories category procurement. The report offers a succinct analysis of Whiteboard Accessories procurement best practices.

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

From office furniture to envelops, scope for customization is everywhere. Buyers prefer suppliers that have the capabilities to customize solutions as per the specifications they provide.

Buyers should proactively manage relations with Whiteboard Accessories suppliers and have pre-determined intervention criteria for onboarding or replacing a supplier, changing specifications or terms and conditions.

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Risks in Whiteboard Accessories procurement

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

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
Contract-related risks where unfavorable credit terms may severly penalize buyers for delayed payments or entitle the supplier to demand pre-payments or shorten the payment terms are not very common in the category but they do exist in certain situations where buyers' liquidity or financial health is in question
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

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Who should read this report

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

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

Whiteboard Accessories Category Insights: What is inside

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

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

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?”

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Category Research Framework

SpendEdge presents a detailed picture of Whiteboard Accessories 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.