Contactors Procurement Report: Contractor Market Size, Supplier Cost and Cost-Benefit Analysis Available From SpendEdge

0
24

LONDON–()–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.

SpendEdge sample reports are free of charge and provide insights that focus on the cost-saving aspects of procurement and the optimization of category spend. Request a FREE sample report.

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 purchases. Buy two reports and get the third one for free.

 

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 a FREE sample

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

Do you purchase multiple reports in a year? Our subscription platform, SpendEdge Insights, provides ready-to-use procurement research reports for multiple categories, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day FREE trial now.

Related Reports:

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.