NEW YORK, March 4, 2015 /PRNewswire/ -- Synopsis
This report provides a detailed analysis of purchasing methods and
expected expenditures for Asian mines across plant and heavy
equipment; parts and components; explosives, blasting materials and
chemicals; and maintenance services. There is a focus on
procurement methods and expenditure analysis is broken down into
four areas. The analysis is based on Timetric's extensive survey of
115 mine managers, procurement managers and other key
decision-makers.
Areas of analysis include:
- Current methods for acquiring equipment, with a review of
outright purchasing, rental, leasing and other types of financing
arrangement.
- 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.
- 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.
- The extent to which preferred supplier arrangements are in place,
and predictions for increased centralisation of procurement.
Summary
Overall trends in the data revealed:
- Outright purchase is the most common purchasing method
- Asian miners are optimistic about future expenditure
- Challenges in sourcing products are primarily related to supplier
attributes and capabilities
- Asian miners are increasing their levels of procurement
centralization
Scope
The survey is based on responses from 115 senior managers and
decision makers at operating Asian mines, responsible for the
purchase of equipment for plant and mine operations, along with its
consumables. Survey respondents came from seven different
countries: India, Indonesia, the
Philippines, Pakistan,
Vietnam, Mongolia and Thailand. This included six different
commodity groups and a range of surface and underground mining
operations.
Reasons To Buy
- Compare the methods Asian miners use to acquire equipment, and
how this is expected to change.
- Plan ahead based on general expectations within the Asian mining
industry for future expenditure, and how this varies by segment,
such as mine type, commodity and company size.
- Understand how different customer segments in Asian mining plan
to rationalise or extend their supplier networks.
- Identify the major challenges Asian miners face when sourcing
equipment, and incorporate solutions to these in your sales,
marketing and product strategies.
Key Highlights
- Outright purchase is the most common purchasing method for mining
equipment, used by 52% of respondents.
- Asian miners are optimistic about future expenditure, with the
majority of respondents expecting expenditure to increase across
all four categories of plant, equipment, consumables and services
investigated.
- Some 67% of respondents identified that their biggest challenges
when sourcing products were factors related to supplier
capabilities, such as availability of parts and on-time
delivery.
- Some 52% of respondents expect greater centralization of
procurement over the next two years.
Read the full report:
http://www.reportlinker.com/p02722319-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution that
finds, filters and organizes the latest industry data so you get
all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/purchasing-trends-and-intentions-in-asian-mining-2015-300045517.html
SOURCE Reportlinker