LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Fire Fighting Chemicals Category - Procurement Market Intelligence Report. This report projects a decelerating spend growth momentum for this category. However, factors like increasing usage of foam-based fire extinguisher and dry chemical type of fire fighting chemicals are driving demand for this category. In addition, the increased implementation of fire safety systems in the emerging nations is also boosting the demand for fire fighting chemicals and fire retardant chemicals.
“In the fire fighting chemicals market, the buyers should follow materials management practices to classify and procure products. This would help them in reducing inventory expenditure and establish a robust VMI practice with the supplier for high-cost materials,” says SpendEdge procurement expert Angad Singh.
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SpendEdge’s procurement market intelligence reports for the chemicals category give information on category pricing strategies and supplier performance metrics. This allows both the buyers and the suppliers to design an optimal category procurement strategy to achieve their procurement goals. Additionally, SpendEdge’s reports provide insights on the sustainability and procurement best practices for the category.
The procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for fire fighting chemicals market.
- Increased usage of foam-based fire extinguisher and dry chemical type of fire fighting chemicals
- Wider range of applications and longer shelf life of the dry fire fighting chemicals
- To know more, View the full report
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Report scope snapshot: Fire fighting chemicals market
Cost-saving opportunities
- Quantifying cost-saving opportunities
- Quantifying cost savings by negotiation strategies
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Category management strategy
- Supplier and buyer KPIs
- Outsourcing category management activities
- Risk management
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Category pricing insights
- Cost drivers impacting pricing
- Volume drivers impacting pricing
- Total cost of ownership analysis
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Related Reports:
- Global Fermentation Chemicals Category - Procurement Market Intelligence Report
- Global L-Carnitine Category - Procurement Market Intelligence Report
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