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Personal Finance News Releases
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(MoneyNewsWire.Net, November 08, 2016 ) Just over half of respondents expect spending to be flat, for instance the largest share with 54% for 'maintenance services', down to 50% for 'equipment and components'.
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Outright purchase is the most common purchasing method. Some 47% of respondents nominated outright purchase as the method they use for heavy mining equipment. This was the dominant method of procurement, with all other methods being used by fewer than 22% of respondents in each case.
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53% of respondents identified that their biggest challenge when sourcing products were factors related to supplier attributes and capabilities, such as the availability of spare parts, on-time delivery, after-sales services and maintenance, and receiving technical support.
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In Latin America, the majority of decisions are favored to be made at the mine site, while decisions made centralized within the country was a close second in preference.
An average of 34% of respondents expected more centralization of purchasing decisions over the next two years.
Some 53% of respondents indicated they had a preferred global supply agreement for plant and heavy equipment, and when responses were broken down by type of purchase covered by the preferred supplier, trucks dominated with 44%.
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Source: EmailWire.Com 
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