LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘4PL 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 of the logistics, warehousing, and transportation industry. This report breaks down the data and analysis behind the procurement of fourth party logistics (4PL) and acts as an all-inclusive guide for making smart purchasing decisions.
“4PL service providers are collaborating with multiple partners such as carriers, storage contractors, and subcontractors to provide customized and unified solutions to customers,” says SpendEdge procurement analyst Angad Singh. “Currently, the market is witnessing an increase in technological innovation and the development of software systems that address issues related to speed, agility, and flexibility along with providing a centralized interface to control operational flows as well as enhance visibility,” 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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- SpendEdge analysts have estimated the 4PL market to grow at a CAGR of 13.5% over the forecast period.
- It is imperative for buyers in the market to discuss business goals and strategic imperatives with service providers to understand their mode of operation and establish control over important parameters of the supply chain.
- Suppliers and buyers need to engage in a short-term pilot phase before closing in on any long-term deals to ensure that there is a mutually agreed upon level of flexibility.
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4PL Pricing Trends
Gainsharing is currently the most adopted pricing model in the 4PL market as the pricing is based on the gains provided by the supplier. The model also facilitates enhanced problem solving, minimizes risk, and payments are based on measurable gains. However, SpendEdge expects the risk-reward pricing model to gain popularity in the coming years as it encourages innovation and enhances performance by assigning rewards based on these criteria.
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