ROHSTOFF INTERNATIONAL

15:42 | 02.11.2017
Propane Market Procurement Research Report – Supply Market and Spend Analysis by SpendEdge

Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Propane
Market 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 for the utilities
industry. This report breaks down the data and analysis behind
the procurement of propane and acts as an all-inclusive guide for making
smart purchasing decisions.

This press release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20171102006039/en/
Global Propane Procurement Market Intelligence Report (Graphic: Business Wire) “The growing demand for propane can be attributed to the demand for
propylene from end-user industries which is driving the expansion of PDH
plant projects to obtain propylene from propane,” says SpendEdge
procurement analyst Angad Singh. “Suppliers of propane are increasing
their investment in the adoption of IT processes as this will help them
to manage their production and logistic solutions better,” added Angad.Looking for more insights from this report? Request
a free sample reportSpendEdge sample reports are free of charge and provide insights that
focus on cost-saving aspects of procurement and optimization of category
spend.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
Report Insights
The demand for propane-powered vehicles across all regions will be
driven by the stringent regulations that mandate a reduction in GHG
emissions and low prices of propane when compared with other
alternative fuels, such as gasoline and diesel. The consumption of
propane in the petrochemical industry is increasing with the rise in
the number of PDH facilities that are used to produce propylene and
ethylene.

Procurement managers must identify and engage with suppliers that
incorporate IT into their operational processes, which includes
manufacturing and transportation of propane. Adopting this procurement
practice provides clarity regarding the amount of propane transported
to the buyer and the progress regarding shipments. It will also help
the buyers to gather information and estimate the TAT for the delivery
of the product.

One of the key challenges faced by the buyers in this market includes
difficulty in estimating procurement budgets as the high volatility of
crude oil prices leads to fluctuation in the cost of propane. This
makes it difficult for the buyers to forecast the prices of propane
for the contract period accurately leading to difficulty in estimating
procurement budgets.
This report is available at a discount for a limited time only: View
the report snapshot before purchasingPropane Industry Pricing Trends
Volume-based pricing is the most widely adopted pricing model in the
propane industry it offers the buyers an advantage of high bargaining
power to obtain discounts on purchase of large volumes. Most of the
large organizations procure propane, based on volume-based pricing for a
fixed contract period. Spot pricing is used by buyers to procure propane
in additional quantities to meet excess demand. It also offers high
transparency in pricing as the prices are based on the prevailing market
conditions.
Get unlimited access to all our reports. Our Insights platform
provides ready-to-use procurement research reports, latest supplier
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much more at the click of a button. Start
your 14-day trial now.We also customize
reports to meet clients’ requirements.Browse Related Reports:Global
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ReportAbout SpendEdge
SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement intelligence partner for
Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171102006039/en/


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