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NEW YORK, April 5, 2022 /PRNewswire/ — SpendEdge’s latest market research report predicts that promotional products will grow at a 2.98% CAGR by 2026. Prices increase by 1% to 3% during the forecast period and the vendors will have moderate bargaining power in this market.
The report offers a detailed study by way of synthesis and summation of data from multiple sources.
www.spendedge.com/report/promotional-products-sourcing-and-procurement-intelligence-report
Key points covered in this report:
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Am I in contact with the right suppliers?
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What KPIs should I use to assess my incumbent suppliers?
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Which supplier selection criteria are relevant for promotional products?
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What are the essentials of the Promotional Products category in terms of SLA and RFx?
A targeted strategic approach to sourcing promotional products will provide several opportunities for buyers. However, in the absence of actionable information about promotional products, shoppers opted for a transaction-based approach to the category. The report explains key category management objectives that should form the basis of the sourcing strategy, including:
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Revenue growth
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Input scalability
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Green initiatives
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Category Innovations
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Rationalization of the supply base
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Demand forecasting and governance
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Minimization of one-time purchases
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Compliance with regulatory nuances
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Cost savings
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Loyalty of the clientele
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Reduced total cost of ownership
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Supply guarantee
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Free sample of our best-selling sourcing report:
This report provides detailed information on streamlining your promotional product category management practices..
Request a FREE sample to get detailed answers on:
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What should be my strategic sourcing goals, activities and enablers for the Promotional Products category?
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What negotiation levers can I activate to save money?
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What are the best practices for sourcing promotional products that I should promote in my supply chain?
Contents
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Abstract
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Market overview
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Overview of category prices
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Cost reduction opportunities
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Best Practices
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Category Ecosystem
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Category management strategy
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Category management tools
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Selection of suppliers
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Undercover providers
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US Market Outlook
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Category scope
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appendix
About SpendEdge:
ExpenseEdge is one of the world’s leading procurement information companies. For more 17 years, we were served 200 clients, including 55 Fortune 500 companies—in various industries through our best-in-class sourcing and procurement solutions.
contacts
ExpenseEdge
Anirban Choudhury
Marketing Manager
Phone number: +1 (872) 206-9340
https://www.spendedge.com/contact us
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