Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 
The feature you requested does not exist. However, we suggest the following feature:

Cost Saving Opportunities for the Global Equipment Financing Services Market: Technavio

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/27/2017 | 12:48am CEST

According to the latest procurement intelligence report from Technavio, the global equipment financing services market is expected to grow at a CAGR of 5.2% over the next five years due to the need to maximize productivity and efficiency by adoption of equipment financing services.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170526005715/en/

Technavio has published a new report on the global equipment financing services market from 2017-202 ...

Technavio has published a new report on the global equipment financing services market from 2017-2021. (Graphic: Business Wire)

The research report titled ‘Global Equipment Financing Services Market: Procurement Market Intelligence Report 2017-2021’ provides an in-depth analysis of category spend, best procurement practices and cost saving opportunities, aimed at helping organizations achieve superior business performance. The report also provides insights on pricing, supplier positioning and top companies, enabling sourcing professionals to improve their competitive advantage through procurement excellence.

“The global equipment financing services industry is fueled by the rise in new business volume along with the competition that drives firms to maximize productivity and efficiency by adopting measures such as procurement of equipment financing services, which provide competitive advantages,” says lead Technavio procurement specialist Angad Singh for category spend intelligence. “In addition, rise in investments in the construction, transportation, and IT sectors will also drive the market,” adds Angad.

Looking for more information on this market? Request a free sample report

Technavio sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Cost saving opportunities in the equipment financing services market

The adoption of various cost-optimization levers helps buyers of equipment financing services realize direct cost savings and enhance category management and value benefits (including reduced procurement complexities).

Technavio procurement experts have segmented the cost saving opportunities in the equipment financing services market into the following value-enhancement opportunities:

  • Adoption of technology
  • Supplier Competition
  • Adoption of negotiation strategies
  • Optimization of procurement practices
  • Bundling of services

Adoption of technology saving aspects

Technologies such as web-based applications, data management systems, RTLS, and predictive analytics allow buyers to obtain useful insights about the equipment as well as the profitability of the financing service.

Buyers focus on adopting and implementing centralized programs and systems that enhance visibility into the service and facilitate better program governance.

View our subscription bundles to discover more cost saving opportunities: Request for demo

Optimization of supplier competition saving aspects

Optimization of supply pool segregation is critical in the global equipment financing services market. Technavio analysts suggest benchmarking the services provided by suppliers in terms of contract period and pre-closure options and negotiation with supplier in terms of interest rates.

Buyers also prefer suppliers that understand the requirements in terms of cash flow, budget, and tax requirements to structure an efficient financing program that meets buyers' tax requirements.

Bundling of services saving aspects

One of the most opportunistic strategic cost saving levers in the global equipment financing services market is the bundling of services. Assistance in equipment selection and periodic performance review of the equipment (in equipment leasing). Hence, buyers prefer using RTLS that track and manage assets and equipment in real-time. Such systems also allow buyers to reconsider their asset/equipment use.

Browse other reports:

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].


© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
12:48a COST SAVING OPPORTUNITIES FOR THE GLOBAL EQUIPMENT FINANCING SERVICES MARKET : Technavio
12:48a INTERNATIONAL ROAD DYNAMICS INC. : Receives Final Order Approving Proposed Plan of Arrangement With Wi-LAN Inc.
12:47a HARVEY NORMAN : opens new Ipswich store
12:46a Sunovion Receives Complete Response Letter from FDA for SUN-101/eFlow® (glycopyrrolate) New Drug Application for Chronic Obstructive Pulmonary Disease (COPD)
12:45a GEMINI : Reports First Quarter 2017 Results
12:44a COST SAVING OPPORTUNITIES FOR THE GLOBAL CONFERENCE PLANNING SERVICES MARKET : Technavio
12:44a IMMUNOCELLULAR THERAPEUTICS LTD : Lundin Law PC Announces a Securities Class Action Lawsuit against ImmunoCellular Therapeutics, Ltd. and Reminds Investors with Losses to Contact the Firm
12:41a ALJ REGIONAL HOLDINGS, INC. : Announces Faneuil's Closing Of The Acquisition Of The BPO And Contact Center Operations From Vertex Business Services LLC
12:41a BOFI HOLDING, INC. : ONE WEEK DEADLINE: Lundin Law PC Announces Securities Class Action Lawsuit against BofI Holding, Inc. and Reminds Investors with Losses to Contact the Firm
12:37a CAPP CANADIAN ASSOCIATION OF PETROLEUM PRODUCERS : Canada is an international leader in methane emissions reductions
Latest news
Advertisement
Hot News 
-4.92%SUN PHARMACEUTICAL INDUSTRIES : Pharma 4Q Profit Falls 13.6%
-3.72%BEST BUY : Defies Slump in Retail -- WSJ
-4.04%BA and Iberia plan third-party booking surcharge, Amadeus shares hit
8.47%SPIRAX SARCO ENGINEERING : Sarco to buy thermal tech firm Chromalox for $415 million
3.25%Fosun, others eye Australia's Origin Energy gas assets worth $1.5 billion - sources
Most Read News
06:07p Merkel pushes back against renewed Trump criticism of surplus
06:01p QC Holdings, Inc. Reports First Quarter 2017 Results
06:09p ALPHABET : Accused of underpaying women, Google says it's too expensive to get wage data
06:07p SDC INVESTIMENTOS SG : S, S.A. informs on Manager transaction
06:02p AT&T : blames fiber cut by construction crew for Charlotte outage
Most recommended articles
05/22 NOBLE : shares tumble after S&P ratings downgrade
06:07p Merkel pushes back against renewed Trump criticism of surplus
05:54p JBS : Brazil's JBS says Batista brothers resign from the board
05:42p CARLOS SLIM : sources
05:39p AGILITY PUBLIC WAREHOUSING KSC : Kuwaiti logistics firm Agility settles U.S. civil case