LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Soy Bean 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 strategic procurement of soy bean and acts as an all-inclusive guide for making smart purchasing decisions.
“The production of livestock such as cattle and poultry are expected to increase in the coming years, especially in APAC countries,” says procurement research analyst at SpendEdge, A Kowshik. “This will increase the adoption level of soybean meals as a primary source of animal feed,” 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
- The health-benefits of soybean such as high concentration of protein, vitamins, minerals, and insoluble fiber are resulting in the adoption of soybean-based food and beverage products such as oil, milk, flour, and protein supplements. The acceptation of these products in emerging markets is expected to increase due to urbanization and improvements in disposable incomes of the middle-class population.
- Purchasing managers must partner with expert third-party auditors to have regular visits to soybean farms and processing facilities to assess supplier’s sourcing practices. Also, they must analyze traceability data and cross-collaborate to develop strategies to improve quality of sourcing practices.
- Assessing the traceability in the supply chain is one of the major challenges that purchasing managers of soybean face. Also, they need to have the visibility across the supply chain to obtain cost-saving opportunities and adopt responsible sourcing practices that are slowly becoming an important demand from end-consumers of soybean-based products.
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Soy Bean Pricing Trends
Businesses in this market mostly implement the volume-based pricing model due to various robust advantages. It protects purchasing managers against the dynamic nature of market prices of raw materials as they can fix the price over the engagement of contract. Also, the purchasing managers can negotiate for discount on the price if the demand is significantly higher than the minimum order quantity.
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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.
