Oct. 10, 2017 15:31 UTC

Promotional Products Market Procurement Research Report – Pricing Trends and Analysis by SpendEdge

LONDON--(BUSINESS WIRE)-- Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Promotional Products 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 marketing industry. This report breaks down the data and analysis behind the procurement of promotional products and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Promotional Products Procurement Market Intelligence Report (Graphic: Business Wire)

Global Promotional Products Procurement Market Intelligence Report (Graphic: Business Wire)

“The global promotional product market is a fragmented market with the top ten suppliers accounting for less than half the size of the global market,” says SpendEdge procurement analyst Anil Seth. “This is due to increased number of web-based suppliers, low barriers to entry, and high demand for local suppliers because of decentralized procurement model,” added Anil.

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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

  • Increased number of small firms with limited budgets, the high cost of alternative media, demand for cost-effective marketing methods, technological innovations in promotional products, and availability of multiple products has been driving the expansion of the global promotional product market.
  • Purchasing managers prefer suppliers that have a diverse portfolio, such as traditional goods that include bags and pens, as well as technologically advanced products such as wearables and activity tracking devices. Furthermore, they provide them with a wide variety of choice both in terms of the level of customer engagement as well as budgets.
  • Cost reduction measures adopted by suppliers can lead to inadequate investment in supply chain systems, which can impact the sourcing and delivery services of suppliers. Purchasing managers are unable to collaborate with suppliers due to supply chain issues, such as greater lead time for procurement and delivery of products and high shipping costs.

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Promotional Products Pricing Trends

The cost plus markup pricing and indexed pricing methods are the two widely adopted pricing models in the promotional products market. However, procurement analysts at SpendEdge observed that cost-plus markup pricing model has high potential and will gain higher adoption level in the forecast period. It offers clarity on supplier markups and high transparency in pricing method.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market 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.

Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
hello@spendedge.com


Source: SpendEdge

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Global Promotional Products Procurement Market Intelligence Report (Graphic: Business Wire)

View this news release and multimedia online at:
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