Purchasing Trends and Intentions for Mining Equipment, Parts and Consumables in Latin America, 2015

From: Fast Market Research, Inc.
Published: Sun Oct 11 2015

This report provides a detailed analysis of purchasing methods and spending trends in Latin American mining. Areas of analysis include:

* 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
* Current methods for acquiring equipment, with a review of outright purchasing, rental, leasing and other types of financing arrangement
* 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
* Analysis of current decision making practices in Latin American mines
* Extent to which preferred supplier arrangements are in place and predictions for increased centralization of procurement

Full Report Details at
- http://www.fastmr.com/prod/1057498_purchasing_trends_intentions.aspx?afid=301

Report Highlights

* Latin American respondents expect stability with their expenditure. 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.
* 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 27% of respondents in each case.
* 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.
* 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%.

Report Scope

* This report provides a detailed analysis of purchasing methods and spending trends for Latin America mines across plant and heavy equipment, parts and components, explosives, blasting materials and chemicals, and maintenance services.
* Survey respondents came from 14 different countries including: Peru, Chile, Colombia, Brazil, Mexico, Venezuela, Dominican Republic and Bolivia. This included five different commodity groups and a range of surface and underground mining operations.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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