LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Palm Oil Procurement Market 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 agro commodities and raw materials industry. This report breaks down the data and analysis behind the procurement of palm oil and acts as an all-inclusive guide for making smart purchasing decisions.
“Use of palm oil by the food, cosmetics, personal care, and energy (biofuel) sectors as an ingredient is driving the growth of the global palm oil market,” says SpendEdge procurement analyst A Kowshik. “Palm oil is also used as a vegetable oil among end-consumers which also triggers the market growth,” added Kowshik.
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 Insights
- Cost-effectiveness (due to the highest yield per unit area of cultivation) along with nutritional benefits of palm oil (prevents cancer, heart disease, and arthritis) compared with other vegetable oils is higher which is fueling the market growth for the global palm oil market.
- Purchasing managers must consider certain factors such as market efficiency, perishability, seasonality, storage requirements, commodity cost share, budget constraints, limited supply, price risk, storage availability, traceability, volume, sales forecast accuracy, special promotions, and supplier service level for making commodity-procurement decisions.
- It is a challenge for purchasing managers to monitor the farm and nutrition management practices and measure effectiveness of such practices in providing required volumes of palm oil in a stipulated period.
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Palm Oil Pricing Trends
One of the most widely accepted pricing models in the global palm oil market is the market-based pricing. This pricing model offers purchasing managers the opportunity to capitalize on market fluctuations by optimizing the time of purchase. Furthermore, clients are charged based on the prices offered by competitors, resulting in similar price offerings across the industry, leading to high bargaining power for purchasing managers.
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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.
