Fasteners Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Every organization and its procurement team look forward to negotiating the best deal while procuring a set of products or subscribing to services. Rate benchmarking involves price/cost comparison of more than one set of products/services to analyze the most efficient combination that can potentially help the procurement team in getting the optimum rate. Based on our research, we will try to provide benchmarking around price/cost of the category/market in focus from the perspective of how the client's peers are sourcing the respective product/service.

Labor cost is one of the key components of the total incurred costs while offering a product or service. Therefore, an organization must decide on whether the focus category should be retained in-house or outsourced if the organization is providing its products or services at competitive prices. If the organization decides in favor of outsourcing, it must understand the difference in the salary structures of suppliers before selecting a supplier and formulating a negotiation strategy.

Based on our research, we will try to provide a salary analysis/benchmarking for a particular position in a category which will in turn help the client make better procurement decisions. For instance, we will try to provide a comparative salary analysis for the same position in different companies, how the increment rate differs in those selected companies, how it differs based on years of experience, which skills are in demand, which skills are gaining prominence for the last two years, etc.

Organizations often find it cumbersome to keep track of all the developments in the supplier landscape. We are offering our newsletter service to help organizations stay current on the latest developments and innovations, thereby preventing any disruptions in the supply chain in the future. Based on our research on this category/market, we will provide the latest developments like M&As, capacity expansions, geographic expansions, technological enhancements, etc. of those suppliers that are offering the respective product/service over the last two years.