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LONDON–(BUSINESS WIRE)–SpendEdge,
a global procurement market intelligence firm, has announced the release
of their Global
Contactors Category – Procurement Market Intelligence Report.
According to the report, increasing replacement of conventional
contactors with energy-efficient contactors to minimize energy-related
operational expenditure is positively affecting the spend growth
momentum for this category. Additionally, increasing stringency in
energy audits and inspection of plant equipment and machinery in regions
are driving the demand for contactors.
“Buyers are advised to source contractors from low-cost countries to
achieve cost-savings,” says SpendEdge procurement expert Angad
Singh. “However, while doing so, the suppliers must be evaluated
on factors like logistics costs, quality of products, and their
inventory management capabilities,” added Angad.
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focus on the cost-saving aspects of procurement and the optimization of
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SpendEdge’s procurement
market intelligence reports for the electrical
components category help in identifying category pricing dynamics to
assist both the buyers and the suppliers to design a cost-effective
category procurement strategy. The reports highlight the supplier
performance benchmarking criteria to help buyers achieve their
procurement goals. Additionally, SpendEdge’s reports provide insights on
the sustainability and procurement best practices for the category.
The procurement experts at SpendEdge expect the following factors to
play a key role in influencing the global category spend for contractors
market.
-
Rising replacement of conventional contactors with highly
energy-efficient contactors - Stringent energy audits and plant equipment and machinery inspection
-
To know more, View
the full report
SpendEdge is now offering limited-time discounts on report |
Report scope snapshot: Contactors market
Best practices
- Procurement excellence best practices
- Procurement best practices
- Sustainability practices
-
Interested to know more about the scope of our reports? Download
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Category management strategy
- Supplier and buyer KPIs
- Outsourcing category management activities
- Risk management
-
To view this report’s table of contents, Download
a FREE sample
Category pricing insights
- Total cost of ownership analysis
- Overview of pricing models
- Comparison of pricing models
-
To view this report’s table of contents, Download
a FREE sample
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About SpendEdge
SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market intelligence partner
for Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.
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