It’s a buyer’s market: Using IBISWorld’s Procurement Reports

Whether you’re looking for a basic industry overview, for market research on a niche industry, or for the competitive landscape in a specialized market, you’ve probably looked at an IBISWorld  industry report.  IBISWorld doesn’t just offer market research through their industry reports collection – they also offer research on industry supply chains through their procurement reports. Here’s how you can use IBISWorld‘s procurement reports in your research.

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To find procurement reports, go to IBISWorld and click the “Login” button to the right of the “Procurement Reports” banner. (Note: You can only access one of IBISWorld‘s collections at a time. You need to go back to IBISWorld‘s homepage to switch between the Procurement Reports and Industry Reports collections.) Now you can keyword search for a specific report or browse the full report collection.

wind power performanceIBISWorld‘s procurement reports are visually and structurally similar to their industry reports, and the procurement reports offer supply chain information that complements many of the available industry reports. For example, IBISWorld offers industry reports on several aspects of wind energy production, including “Wind Turbine Manufacturing in the US”. This report focuses on industry and company performance, covering industry growth and trends along with major companies operating in this industry.

However, a complementary procurement report on “Turbine Repair and Maintenance” focuses on pricing and buyers who are supporting this industry, covering the average cost of wind turbine repair services and analyzing whether buyers looking for this service are entering a buyer’s or seller’s market. In this case, growth is down in the wind turbine manufacturing industry so there aren’t many new turbines to maintain or repair. But there are a large number of turbine maintenance and repair companies competing for work, so prices for repair and maintenance services are being driven down. In other words, it’s a buyer’s market.

scorecardIBISWorld‘s procurement reports also cover the purchasing process for that industry at the end of each report. This is a valuable instructional section that covers lead time for purchasing a product or service, offers a “Buying-Decision Scorecard” to help decide how much to weight factors like cost and qualifications when choosing a supplier, and includes sample negotiation questions for vetting a potential supplier.

IBISWorld‘s Procurement Reports collection is a great resource for researching company and industry supply chains along with industry dynamics. Looking at a procurement report for an industry alongside its industry report is a great way to look at that industry from another perspective, or to see how different parts of an industry affect each other. Check out the Procurement Reports collection next time you’re looking for industry supply chain information.  If you’re not sure where to start, you can always ask a Lippincott Librarian for help.

Living the Dream: Researching the Fantasy Sports Services Industry using resources available to Wharton students

In the U.S., Fantasy Sports Services comprise a billion dollar industry with hundreds of component companies . Like many new industries consisting mainly of small private companies, data on the industry and its companies is allusive. Similar problems are encountered in researching such industries as Tattoo Parlors, Online Dating  and Mobile Apps.

The Lippincott sources for Wharton students described below will give you a good start in researching the Fantasy Sports industry and its companies

dailyfantasysportsreview Continue reading

Do You Have This Report? Finding Market and Industry Reports

Doing research on an industry? The Library has several databases that can help. Most Library resources can be accessed by typing the database name into the Findit box at the top of the Library homepage.

Standard&Poors

Net Advantage – Standard & Poors has been providing industry surveys since 1941. Older, print editions are available at Lippincott Library – Peck Collection (call number HG4921 .S672).  Recent years are available electronically. Once you are logged into the database, click on the Industries Tab. While coverage is mostly limited to the U.S. there are some international reports as well. The reports include industry profiles, trends, how the industry operates, key ratios, and how to analyze a company in this industry. Comparative company analysis is also available for industry leaders.

MoodysRatingsResearch_edited

Moody’s Analytics examines industries from the standpoint of the bond markets. Not only does Moody’s provide very detailed reports on their methodologies for rating bonds in a particular industry, it also provides industry outlooks explaining what industry trends will affect the bond markets. Coverage is international in scope. Both types of reports provide deep insight into what is needed for an industry to thrive and what companies in that industry have the strongest potential for investment.Combined_2

Navigate using the Ratings and Research Tab. Next in the middle column, select Research Type and then choose Industry/Sector Research or Methodologies.

Use the filters on the left of the screen to limit to Corporates (under Market Segment) and then select an industry from the Market Segment filter. These are listed in alphabetical order. Continue reading

GBI Research: Industry Intelligence in Pharma, Medical Technology, Power and More

GBI Research: Global Business Intelligence covers industry reports in Pharmaceuticals, Medical Technology, Oil & Gas, Chemicals, Power, Semiconductors, and Mining. Their “strategic intelligence reports” use primary and secondary research conducted by in-house analysts as well as research from propriety sources.

You can find reports a number of different ways.

  • Click on Report List from the top menu to get a listing of all published reports across all industries. Filter the results using the left-hand menu.
  • Enter keywords in the Search bar to search across the entire report portfolio.
  • Filter down using the Industry list on the home screen.

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Reports cover market revenues, forecasts, and industry analysis as well as information like the competitive landscape, market trends and predictions, M&A deals, and key events. Most reports are globally focused, but many provide statistics by major countries or regions as well. Below is an example graph showing Offshore Drilling Expenditure Statistics, Europe, 2000–2016.

GBI Graph

To give you an idea of the types of reports covered, GBI Research highlights some of the GBI 1most viewed reports on the home screen. For example:

  • Pharmaceuticals: “Multiple Sclerosis Therapeutics to 2019 – Treatment Diversification”
  • Medical Technology: “Wound Closure Devices Market to 2019 – New Product Launches”
  • Oil & Gas: “Offshore Drilling Industry in Europe to 2016”

Continue reading

Coding Games – Finding Information for U.S. Micro-Industries

Industries are groups of companies in the same line of business. Points of interest in industry research include financial trends, industry profiles, current and projected environment, major companies and their market share.

NAICS (North American Industrial Classification System) is the standard coding system for defining North American industries. NAICS is a powerful indexing tool used by hundreds of government and commercial databases. It groups natural language industry descriptions into one through six digit hierarchical codes that often allow you to retrieve just the data you want for a specific industry configuration.

But NAICS has its limits. Small or very new industries may not have specific codes. Looking for information about the U.S. Dating Services Industry, for example, will turn up the NAICS code:

81299    “Other Personal Care Services”.

The “9” at the end of the code is a tip-off that this category is for “Not Elsewhere Classified” industries within the larger group of personal care services. In this case, it includes a hodge-podge of services. In addition to dating services, it applies to services including “ear piercing”, “tanning salons”, “tattooing” and “shoe shining”. Continue reading