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Winning and Retaining Business in the Australian Mining Equipment Sector, 2016

  • March 2016
  • 41 pages
  • GlobalData
Report ID: 2126871

Summary

Table of Contents

Winning and Retaining Business in the Australian Mining Equipment Sector, 2016

Summary

Overall trends in the data revealed -
- Caterpillar is considered the leading supplier for most of its product range.
- When choosing a new supplier, a ‘trusted brand’ and ‘a previous working relationship’ are key factors.
- Account managers have a key impact on the selection process.
- Respondents remain satisfied with their current main suppliers, and satisfaction has improved since 2014.
- Overall, 87% of respondents expect to remain with their current suppliers for the next five years.
- The top three areas for improvement identified by respondents were ‘availability of parts’, ‘product quality and reliability’ and ‘ability to support cost reductions’.

Scope

- The report is based on responses from a survey of 100 senior decision makers at operating Australian mines, responsible for the purchase of equipment for plant and mine operations, along with its consumables.
- Survey respondents came from seven different states and territories, with Western Australia, Queensland and New South Wales accounting for 88% of the respondents. This included four main commodity groups and a range of surface and underground mining operations.

Reasons to buy

- Understand what buyers consider most important when choosing a new supplier, broken down into different customer types (e.g. underground v surface).
- Identify key areas for differentiation by understanding what factors have most influenced the final choice of supplier.
- Target product and service improvement areas based on where mining equipment suppliers are currently underperforming relative to customer expectations.
- Develop successful sales and marketing strategies through an understanding of the leading competitors and their strengths and weaknesses.

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