Building Materials Market Procurement Report – Supply Market and … – Business Wire (press release)

LONDON–(BUSINESS WIRE)–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Building
Materials Market Procurement Research Report
.’ The insights and
data in this report provide a strategic analysis of the supply markets,
factors influencing purchasing decisions, procurement best practices,
pricing models, supplier landscape, and an analysis of the supplier
capability matrix for the facilities
management industry
. This report breaks down the data and
analysis behind the procurement building materials and acts as an
all-inclusive guide for making smart purchasing decisions.

“The growth of the building materials market can be attributed to
rapid industrialization and urbanization which is boosting the
construction sector in both commercial and residential projects, thus
driving the need for building materials,” says SpendEdge procurement
research analyst Tridib Bora. “Also, increasing environmental
regulations associated with building standards and the need to cut
energy costs continue to fuel the sale of green building materials,”
added Tridib.

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Key Report Features

Supply Market Insights   Negotiation Strategies
Procurement Best Practices   Category Risk Analysis
Cost Saving Opportunities   Key Supplier Analysis
Pricing Models   Supplier Capability Matrix

Report Insights

  • The growth of the global building materials sector can be attributed
    to factors like increased government spending on infrastructure
    development and high investments in the real estate by end-users due
    to strong economic conditions. Also, the rise in demand for building
    materials is mainly driven by the strong economic conditions in
    various regions and high purchasing power of customers.
  • Procurement practices must be adopted in a way to analyze the process
    to understand where opportunities exist to eliminate waste and
    increase value delivery. The buyers should examine the specifications
    of the building materials. They can do so by listing out the type and
    specifications of the building materials required for a project as
    they might require different materials during different stages of the
    construction process.
  • One of the key challenges faced by the buyers in this market includes
    difficulty in gaining access to the right quantity of building
    material at the right time. Concrete is the second most commonly used
    substance for construction, and it needs to be processed rapidly while
    ensuring it has environment-friendly texture and content. Therefore to
    help the buyers overcome this challenge the suppliers need to adopt
    vertical integration and network their raw material deposits with
    local production sites through IT-supported logistics management

This report is available at a discount for a limited time only: View
the report snapshot before purchasing

Building Materials Market Pricing Trends

Cost-based pricing is the widely-adopted pricing model in the building
materials sector due to its ability to offer buyers with higher
bargaining power as there are multiple suppliers offering low prices.
Value-based and competition-based pricing models also find comparable
adoption in this industry. Value-based pricing model offers buyers the
advantage of increased efficiency and high quality whereas the
competition based pricing model eliminates complexity in pricing as the
price is fixed.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement intelligence partner for
Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

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