SpendEdge Releases Procurement Research Report for the Global Maintenance, Repair, and Operations Services Market

Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Maintenance, Repair, and Operations Services 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 facility management industry. This report breaks down the data and analysis behind the procurement of MRO and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Maintenance, Repair, and Operations Services Procurement Market Intelligence Report (Graphic: ...

Global Maintenance, Repair, and Operations Services Procurement Market Intelligence Report (Graphic: Business Wire)

The suppliers of MRO services are differentiating themselves by providing services at short notice and competitive prices to retain their shares in the competitive market space,” says lead SpendEdge procurement analyst Angad Singh. “Several competitors are also incorporating technology into their offerings to enhance efficiency and offer buyers visibility on various aspects of the MRO supply chain,” added Angad.

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

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Report Highlights

  • The MRO market is expected to grow steadily at a CAGR of 4.5% between 2015 and 2020, with North America and Europe witnessing rapid growth due to maturity of suppliers from the perspective of service offerings.
  • Buyers need to adopt systematic procurement practices that allow them to gain better control over service providers, irrespective of prevailing market conditions, as this will help them manage their expenses better and procure better quality of service.
  • Buyers should establish effective demand forecasting systems to mitigate the threat of disruptions in supply and to avail bulk discounts.

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Maintenance, Repair, and Operations Services Pricing Trends

Cost-plus pricing and volume-based pricing are the two widely adopted pricing models in the global MRO services market. However, SpendEdge procurement analysts observe that despite being the least adopted pricing model, rate cards offer the highest potential due to benefits like transparency in product pricing and opportunities to evaluate multiple brands of similar products.

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About SpendEdge

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