MRO-PPE Market Procurement Intelligence Report | Increase in Raw Material Prices Will Drive Service Providers’ OPEX | SpendEdge
LONDON--(BUSINESS WIRE)--Jan 29, 2020--
SpendEdge has been monitoring the global MRO-PPE market and the market is poised to experience spend growth of more than USD 13 billion between 2019-2024 at a CAGR of nearly 6% during the forecast period. Request Free Sample Pages.
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Read the 128-page research report with TOC and LOE on “The Global MRO-PPE Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend.”
Enterprises in the construction and the mining sectors are constantly being subjected to strict scrutiny of the regulatory authorities to ensure employee safety. This is creating a pressing necessity for such enterprises to procure MRO-PPE services to stay compliant with the pertinent rules and regulations.
In APAC, buyers from the chemicals and the pharmaceutical industries are exhibiting a high demand to address the growing stringency of rules pertaining to industrial safety. This is driving spend growth in the MRO-PPE market in this region. Market shares of MEA and South America are increasing owing to the rise in demand for chemical-defending garments and heat and flame protection clothing from end-users such as oil and gas and construction.
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Insights into the market price trends
What are the strategies to adopt to optimize procurement spend in this market?
Engage with distributors for standardized requirements
In case of standardized requirements, buyers are advised to engage with distributors, wherein they can opt for bundling of purchase. This will enable buyers to achieve significant volume-based discounts based on the wide range of products procured.
Incorporation of inventory management software in in-house systems
Buyers who are known to manage their inventory with the help of in-house procurement teams can exercise better control over demand planning by integrating inventory management software with their CMMS and other related software such as ERP and AMS. This increases the visibility of inventory, which helps in optimizing stocks and minimizing storage costs.
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