SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Argon Category – Procurement Market Intelligence Report.
According to our procurement experts, the recent boost in infrastructure construction across the developing nations is spurring the demand for argon from the welding and cutting sector. Additionally, increasing sales of argonite fire extinguishers, owing to the growing stringency in the enforcement of regulations pertaining to fire safety is also promoting the demand for argon. Download the free Sample Report to know more about the major cost drivers and strategic supplier selection insights for the argon market.
This procurement report analyzes the argon market and offers a comprehensive overview of critical factors such as the cost and volume drivers and other major category growth enablers that will have a great impact on the performance of this category. Analysis of such factors will play a major role in shaping a sustainable procurement strategy that includes the procurement of these services in the best market price. Get personalized guidance from our procurement experts to devise a market strategy that is customized to your business requirements.
Buyers are advised to assess suppliers’ manufacturing capability by analyzing their monthly outputs and total plant capacity. This will help estimate of the quantity of argon a supplier is competent enough to provide without any delays, says SpendEdge procurement expert Anil Seth.
The procurement market research experts at SpendEdge have highlighted the following KPIs as crucial while developing an optimal procurement strategy that is suited to the dynamics of the argon market:
- Buyers should ensure that suppliers adhere to industrial acts and laws such as EIA, EPL, Clean Air Act, and REACH as this will minimize the chances of penalties and interruptions in supply due to noncompliance
- Buyers should look for open capacities of suppliers before entering into an engagement as it signifies their ability to fulfill orders during a surge in demand during the contract tenure
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SpendEdges procurement market intelligence reports for the chemicals category offer information on category pricing strategies to help the buyers achieve significant cost-savings. The reports also offer information on supplier performance benchmarking criteria to help buyers reduce spend and establish better SLAs. Additionally, SpendEdges reports offer insights into the sustainability and procurement best practices for the category.
Report scope snapshot: Argon market
- Market favorability index for suppliers
- Competitiveness index for suppliers
- Threat of new entrants
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Category management enablers
- Procurement organization
- Category enablers
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- Category hierarchy
- Category scope
- Category map
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