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Mining Equipment Industry :Market Dynamics And Competitive Landscape Through Insights ,Purchasing Trends and Intentions And Forecast

Monday, March 6, 2017 1:21
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(Before It's News)

Research Beam added a reportPurchasing Trends and Intentions for Mining Equipment, Parts and Consumables in Latin America, 2015

Overall trends in the data revealed: Latin American respondents expect stability with their expenditure. Just over half of respondents expect spending to be flat, for instance the largest share with 54% for ‘maintenance services, down to 50% for equipment and components.

Outright purchase is the most common purchasing method. Some 47% of respondents nominated outright purchase as the method they use for heavy mining equipment. This was the dominant method of procurement, with all other methods being used by fewer than 22% of respondents in each case.

53% of respondents identified that their biggest challenge when sourcing products were factors related to supplier attributes and capabilities, such as the availability of spare parts, on-time delivery, after-sales services and maintenance, and receiving technical support.

In Latin America, the majority of decisions are favored to be made at the mine site, while decisions made centralized within the country was a close second in preference.

An average of 34% of respondents expected more centralization of purchasing decisions over the next two years.

Some 53% of respondents indicated they had a preferred global supply agreement for plant and heavy equipment, and when responses were broken down by type of purchase covered by the preferred supplier, trucks dominated with 44%.

Request for Sample Report @ http://www.researchbeam.com/purchasing-trends-and-intentions-for-mining-equipment-parts-and-consumables-in-latin-america-2015-market/request-sample

Scope

This report provides a detailed analysis of purchasing methods and spending trends for Latin America mines across plant and heavy equipment, parts and components, explosives, blasting materials and chemicals, and maintenance services.

Survey respondents came from 14 different countries including: Peru, Chile, Colombia, Brazil, Mexico, Venezuela, Dominican Republic and Bolivia. This included five different commodity groups and a range of surface and underground mining operations.

Summary

This report provides a detailed analysis of purchasing methods and spending trends in Latin American mining. Areas of analysis include:

Future trends in expenditure and expectations for increased or decreased spend in four areas: plant and heavy equipment, equipment parts and components, explosives materials, and maintenance services

Current methods for acquiring equipment, with a review of outright purchasing, rental, leasing and other types of financing arrangement

An analysis of future changes to the number of supplier relationships, and whether respondents expect greater or fewer supplier relationships over the next 12 months

Investigation into the biggest challenges facing buyers and decision makers in sourcing the right products

Analysis of current decision making practices in Latin American mines

Extent to which preferred supplier arrangements are in place and predictions for increased centralization of procurement

Enquire about Report @ http://www.researchbeam.com/purchasing-trends-and-intentions-for-mining-equipment-parts-and-consumables-in-latin-america-2015-market/enquire-about-report

Reasons to Buy

Compare the methods miners in Latin America use to acquire equipment, and how this is expected to change.

Plan ahead based on general expectations within the Latin American mining industry for future expenditure, and how this varies by segment, such as mine type, commodity, company size and region.

Understand how different customer segments in the Latin American mining industries Plan to rationalize or extend their supplier networks.

Understand where decision making is made, be that at either the mine site or corporate head office.

Identify the major challenges miners in Latin America face when sourcing equipment, and incorporate solutions to these in your sales, marketing and product strategies.

Key highlights

Latin American respondents expect stability with their expenditure. Just over half of respondents expect spending to be flat, for instance the largest share with 54% for ‘maintenance services, down to 50% for equipment and components.

Outright purchase is the most common purchasing method. Some 47% of respondents nominated outright purchase as the method they use for heavy mining equipment. This was the dominant method of procurement, with all other methods being used by fewer than 27% of respondents in each case.

53% of respondents identified that their biggest challenge when sourcing products were factors related to supplier attributes and capabilities, such as the availability of spare parts, on-time delivery, after-sales services and maintenance, and receiving technical support.

In Latin America, the majority of decisions are favored to be made at the mine site, while decisions made centralized within the country was a close second in preference.

An average of 34% of respondents expected more centralization of purchasing decisions over the next two years.

Some 53% of respondents indicated they had a preferred global supply agreement for plant and heavy equipment, and when responses were broken down by type of purchase covered by the preferred supplier, trucks dominated with 44%.

Request for Discount @ http://www.researchbeam.com/purchasing-trends-and-intentions-for-mining-equipment-parts-and-consumables-in-latin-america-2015-market/purchase-enquiry

Table of Contents:-

1 Executive Summary

2 Future Spending Predictions

2.1 Expected Changes in Expenditure

2.2 Expected Changes in Expenditure by Country

2.3 Anticipated Changes to the Number of Supplier Relationships

3 Current Purchasing preferences

3.1 Purchasing Methods for Heavy Mobile Equipment

3.2 Rental Agreements

4 Challenges In Sourcing Products

5 Centralization and Preferred Suppliers

5.1 Current Decision Making

5.2 Changes in Centralization

5.3 Preferred Supplier Arrangements

5.4 Preference for a Dominant Single Supplier

6 Conclusion

7 Appendix

About Us:-

With the arsenal of different search reports, Research Beam helps you here to look and buy research reports that will be helpful to you and your organization. Our research reports have the capability and authenticity to support your organization for growth and consistency. With the window of opportunity getting open and shut at a speed of light, it has become very important to survive in the market and only the fittest and competent enough can do so. So, we try and provide with latest changes in the market that can suit your needs and help you take decision accordingly.

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