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ProcurementIQ’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. ProcurementIQ’s Catering Services procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Catering Services - Recent Price Trend

In the three years to 2017, the price of catering services has been rising at an estimated average annual rate of 2.2% due mainly to rising demand. An increasing number of businesses and a rise in disposable income have been the primary factors contributing to demand growth.Following the recession, corporate profit experienced substantial gains. While economic uncertainty abroad and a downturn.

Catering Services - Total Cost of Ownership

There can potentially be some hidden costs of ownership associated with buying catering services. Contracts are typically inclusive of all labor, equipment and food costs involved with catering services. Additional services and labor can increase the cost of catering services beyond the per-person menu price, but these costs are typically made clear up front. For example, if a buyer requires more.

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About this Report

This report is intended to assist buyers of catering services. Caterers provide food services and catering staff for single events or under contracts. Service packages include meal preparation, distribution and cleanup services. This report does not cover cafeteria management services or food safety consulting services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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