LONDON–(BUSINESS WIRE)–SpendEdge monitors the global janitorial services industry and the industry is poised to experience spending growth of over USD 30 billion between 2019 and 2024 at a CAGR of over 4% during the period forecast. Request Free Sample Pages.

Read the 129-page research report with TOC and LOE on “The Global Janitorial Services Industry – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, top providers, supplier supplier and negotiation strategies, and insights into best practices for optimizing procurement spend.”

Rising middle-class disposable income enables people to afford a range of janitorial services which is one of the main drivers of the janitorial services industry. Commercial and residential buyers are creating exponential demand for a range of janitorial services. Commercial cleaning services include window cleaning, vacuuming, floor maintenance, and other services such as kit cleaning and dusting.

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Procurement Market Overview

• In the labor-intensive janitorial services industry, service providers are tackling a recurring expense for employees. Factors such as rising unemployment rate and lack of skilled labor are increasing the labor costs borne by janitorial service providers who are inflating their service fees in the industry.

• In terms of supply, the janitorial services industry is highly fragmented, competitive and characterized by a mix of small, medium and large service providers. Large service providers resort to mergers and acquisitions to improve the service portfolio and service quality in order to stay competitive.

Overview of category management strategies that will help buyers optimize their total cost of ownership in the janitorial services industry

This report has listed category management strategies and sourcing best practices that will not only help buyers achieve optimal sourcing spend, but also improve their management relationship with suppliers.

Engage with service providers who demonstrate effective utility management

Buyers are advised to focus on effective utility management when evaluating potential service providers. Improper use of utilities will lead to waste of resources and also lead to additional costs for buyers. On that note, buyers are suggested to partner with service providers that use technologies to efficiently manage their utilities, without compromising service performance. For example, major service providers use technologies such as data-driven cleaning tools, electrostatic innovations, cleaning robots, among others. This will help reduce human intervention with regards to the services provided, leading to efficient management of utilities.

Embrace Service Bundling

Buyers are advised to partner with service providers who can meet multiple needs. This will help buyers streamline their supply base, reduce management complexities, and consolidate their supply spend. The majority of service providers consolidate janitorial services with other FM services such as security and catering to help buyers consolidate their procurement expenses.

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Some of the main topics covered in this report are:

• Concierge Services Industry Expenditure Segmentation by Region

• Analysis of Total Cost of Ownership in the Janitorial Services Industry

• Regional Spending Opportunity for Janitorial Service Providers

• Cost Structure of Concierge Service Providers

• Analysis of pricing models for concierge services

• Best Practices for Sourcing Janitorial Services

• Category management goals

• Cost Saving Opportunities in the Janitorial Services Industry

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