SpendEdge Identifies Ways to Mitigate Supply Risks in the Current Facilities Management Consultancy Market That Stares at a Stark Labor Shortage Owing to the COVID-19 Lockdown

Download

Loading media player...

Impact of the COVID-19 lockdown on the facilities management consultancy market

LONDON--()--In the wake of the global COVID-19 Lockdown, SpendEdge, a global procurement market intelligence firm, has announced the availability of a team of experts dedicated to addressing the emerging supply chain queries in the current facilities management consultancy market. Book your free demo of our procurement platform to know what our experts have to say.

The COVID-19 Lockdown is exerting a telling impact on the global facilities management consultancy market in the form of a serious labor shortage. Typically, most of the service providers in the facilities management consultancy market tend to employ immigrants at low-costs. The clampdown of the geographical borders and the lockdown imposed in countries to prevent the spread of the virus are compelling immigrants to relocate to their native lands and are restricting further migration of people across borders. This is depreciating the existing labor force that is the backbone of the facilities management consultancy market and is posing as a critical supply risk in this market.

To achieve a seamless supply chain management in the current facilities management consultancy market during the COVID–19 Lockdown is difficult but not impossible. Get your free trial of our procurement platform and get to know what measures the industry leaders are adopting to mitigate supply chain risks in this market.

What are the ways to achieve efficacy in supply chain management in the facilities management consultancy market?

Engaging in long-term contracts

Benefits of an integrated program are more apparent over a period of 5-7 years, and the goal in such relationships is to achieve cost savings and improve performance in the long run. Hence, buyers should opt for service providers who have a track record of long-term engagements as this will increase the probability of these service providers sustaining in a mutually beneficial relationship for a longer duration.

Engage with service providers who have a self-delivery model

The self-delivery model minimizes the outsourcing services and thereby, simplifies the engagement co-ordination. Self-delivery model service providers can also reduce the contract costs of buyers as these service providers charge low rates compared with service providers that rely on outsourcing as they can maintain their margin at low costs owing to the reduction in profit absorption by third-party contractors.

Opt for service providers who exhibit data management and analytical capabilities

Data management plays an important role in demand assessment, cost savings, and other sourcing aspects. Furthermore, analytical capabilities can also help them in maintenance planning, budget forecasting, and long-term category planning activities. Hence, it is prudent of buyers to opt for service providers who have data management and analytical capabilities that can be utilized by the buyers to gain the above-mentioned benefits.

Request a free demo of our procurement platform to gain real-time insights into supply chain management objectives to protect your business in the facilities management consultancy market against the COVID-19 lockdown.

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal

Contacts

SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630 984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us

Release Summary

SpendEdge has announced the availability of experts dedicated to addressing supply chain queries in the facilities management consultancy market

Contacts

SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630 984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us