Meetings and Events Market Sourcing and Procurement Intelligence Report| SpendEdge – Benzinga – Benzinga
NEW YORK, April 26, 2022 /PRNewswire/ — The Meetings and Events market will register an incremental spend of about USD 437.27 Billion, growing at a CAGR of 7.55% during the five-year forecast period. A targeted strategic approach to Meetings and Events sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic.
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Key Highlights Offered in the Report:
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Insights Into Supplier Selection and Evaluation:
Profile and service capabilities of the service provider, industry specialization of the service providers, reputation of service providers, and assessment of value-added services are some of the most critical parameters that buyers use to shortlist the suppliers in Meetings and Events.
This report evaluates suppliers based on quality and purity test of product samples, production capacity, certifications and accreditations, and geographical presence. In addition, suppliers are also shortlisted based on business needs, technical specifications, operational requirements, security compliance, regulatory mandates, working environment, quality control, sla nuances, acceptance criteria, legal requirements, change management procedures, pricing models, and penalty clauses.
For More Insights on Buyer Strategies and Tactical Negotiation Levers:
www.spendedge.com/report/meetings-and-events-sourcing-and-procurement-
intelligence-report
Key Drivers and Trends Fueling Market Growth:
The pressure from substitutes and a moderate level of threat from new entrants has resulted in the low bargaining power of suppliers.
Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects a change of 4%-5%.
Some of the Top Meetings and Events Market Suppliers Listed in This Report:
This Meetings and Events procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
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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.
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Anirban Choudhury
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https://www.spendedge.com/contact-us
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