INPROVA

Supply Chain Sentiment Report Q3 2024

Optimise your procurement strategy

Key decision-makers in procurement and asset management understand the critical importance of staying ahead of market trends and making informed decisions. That’s why we’re excited to share with our latest Supply Chain Sentiment Report, which offers valuable insights and actionable advice tailored specifically for public sector organisations.

Have a look at what you'll find inside:

Key findings

  • Market sentiment: The construction sector is currently in a 'wait-and-see' mode, with cautious optimism about future growth. However, there are concerns about government policy and its impact on the sector.
  • Price predictions: Suppliers predict a 3.7% rise in prices for 2025. It's crucial to lock in suppliers now to avoid higher costs later.
  • Supplier relationships: Strong relationships with suppliers are essential. Only 13.6% of contractors meet their public sector customers face-to-face, despite 86% wanting to. Improving these relationships can lead to better contract delivery.
  • Skills shortage: The construction industry continues to face a skills shortage, which could become more pronounced as demand increases.

Advice for public sector organisations:

  • Lock in suppliers early: With prices expected to rise, securing contracts now can save costs in the long run.
  • Enhance supplier relationships: Increase face-to-face meetings with suppliers to build stronger, more collaborative relationships.
  • Focus on long-term value: Shift from short-term cost-cutting to creating long-term value through sustainable partnerships.

Why this matters:

The report also highlights key considerations for procurement, including building the right-sized team, enhancing spend management, leveraging technology and data analytics, preparing for the Procurement Act 2023, and fostering collaboration within procurement communities for continuous improvement and innovation.

Fill in the form to download the full report and lead the change in your organisation!

Download the report
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