Global procurement intelligence advisory firm, SpendEdge, has announced the release of their 'Mining Explosives 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 chemicals industry. This report breaks down the data and analysis behind the procurement of mining explosives and acts as an all-inclusive guide for making smart purchasing decisions.
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Global Mining Explosives Procurement Market Intelligence Report (Graphic: Business Wire)
"Buyers across markets prefer to engage with suppliers that can provide safe transportation and storage of mining explosives," says lead SpendEdge procurement analyst Angad Singh. "To meet the growing demand for raw materials, several suppliers of explosives have formed strategic alliances with raw material providers to ensure continuity of supply," 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 mining explosives market is expected to showcase a CAGR of 5.2%, due to an increase in mining activities across major emerging markets, such as APAC.
- It is important for organizations to achieve an optimum mix of regional and global suppliers, as this will enable them to gain expertise in regional regulations pertaining to mining operations and use of explosives at mining sites.
- Buyers need to procure purchase and possession permits that allow them to transport and store explosives in specially designed vehicles before engaging with category suppliers.
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Mining Explosives Pricing Trends
Volume-based pricing and composition-based pricing are the two widely adopted pricing models in the global mining explosives market. Volume-based pricing is more widely adopted as it is highly effective for companies with large requirements, provides opportunities to earn discounts, is easy to understand and implement, and helps identify the variations in pricing across vendors.
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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.
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