Purchasing Trends and Intentions in Mining in North America, 2015

Date: 2015-09

“Overall trends in the data revealed:

• Respondents from mines in North America expect stability in their expenditure. The majority of respondents expect spending to be flat, for instance 56% for ‘plant and heavy equipment’

• Outright purchase is the most common purchasing method. Some 69% 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.

• 67% 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 and dealing with remote locations.

• In North America, the majority of decisions are still made at the mine site, accounting for around 65% of all final decisions.

• Over 28% of respondents expected more centralization of purchasing decisions over the next two years.

• Some 55% of respondents indicated they had a preferred global supply agreement, and when responses were broken down by type of purchase covered by the preferred supplier, trucks dominated. ”

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