NEW YORK, March 21, 2022 /PRNewswire/ — The building materials market will see additional spending of approximately USD 83.75 billionincreasing to one CAGR of 5.52% over the five-year forecast period. A targeted strategic approach to building materials sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic.
Key highlights offered in the report:
- Information on how to identify strategic and tactical trading levels that will achieve the best prices.
- Get information on relevant pricing tiers, detailed explanations of the pros and cons of common pricing models.
- Methods to help engage with the right vendors and uncover KPIs to evaluate incumbent vendors.
Overview of Supplier Selection and Evaluation:
Service provider profile and service capabilities, service provider industry specialization, service provider reputation, and value-added service rating are some of the most critical parameters that buyers use to shortlist construction material suppliers.
This report evaluates vendors based on product sample quality and purity testing, production capacity, certifications and accreditations, and geographic presence. Additionally, vendors are also pre-screened based on business needs, technical specifications, operational requirements, security compliance, regulatory mandates, work environment, quality control, SLA nuances, acceptance criteria, legal requirements, change management procedures, pricing models and penalty clauses.
For more information on buying strategies and tactical trading levers: www.spendedge.com/report/building-materials-sourcing-and-procurement-intelligence-report
Key Drivers and Trends Fueling Market Growth:
Pressure from substitutes and a moderate level of threat from new entrants have resulted in weak bargaining power for suppliers.
Price forecasts are beneficial in planning purchases, especially when complemented by constant monitoring of price influencing factors. During the forecast period, the market expects a change of 4% to 6%.
- Identify favorable opportunities in the TCO (total cost of ownership) of building materials.
- Expected changes in price predictions and factors driving current and future price changes.
- Identify the pricing models that offer the most rewarding opportunities.
Some of the Major Construction Materials Market Vendors Listed in This Report:
This Building Materials Sourcing Information Report has listed the major suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
- Company of Saint Gobain
- CEMEX SAB de CV
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- Market overview
- Overview of category prices
- Cost reduction opportunities
- Best Practices
- Category Ecosystem
- Category management strategy
- Category management tools
- Selection of suppliers
- Undercover providers
- US Market Outlook
- Category scope
ExpenseEdge shares your passion for sourcing and sourcing excellence. We are the preferred procurement market intelligence partner for more than 120 Fortune 500 companies and other leading companies across many industries. Our strength lies in providing reliable, real-time reports and solutions in the supply market.
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