Category: Pressrelease

Automobile Spare market

Components and Spare Market Industry Research Report Portfolio

LONDON: SpendEdge, a global procurement market intelligence firm, has announced the release of their report portfolio on global components and spare market.

Considered indispensable for a range of end-user industries, the components and spare market accommodates the global consumer’s penchant towards newer, better, and cost-effective spare parts. According to SpendEdge’s procurement report on the components and spare market, innovative strides being made on this field is further contributing to the spiraling growth of the components and spare market.

It is the norm of the industry that more the growth, more are the complexities involved in venturing into the market. On that note, the components and spare market witnesses several complexities that are the result of business outlook changes and other socio-economic factors. Such complexities are inhibiting investors from accruing the returns that they expect while they decide on capitalizing on this thriving component and spare market. However, we at SpendEdge, believe that no matter what the size and severity of such complexities, it should not limit one’s business dreams. We believe that with the right procurement insights, the challenges can be converted and leveraged as the drivers of success. (more…)

Automation and Instrumentation

Rise in Labor Cost Driving the Demand for Automation and Instrumentation Solutions

SpendEdge Procurement Market Intelligence InfographicsLondon, Apr 26, 2018: Growing demand for incorporating automation and instrumentation systems and solutions within industries such as oil and gas, metals and mining, pharmaceutical, and paper and pulp to enhance productivity, reduce production cost, and minimize labor cost is driving the demand in this market. Additionally, lack of availability of skilled labor and rise in labor cost encourage buyers to opt for automation and instrumentation solutions.

SpendEdge’s latest procurement research report on the global automation and instrumentation market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the information technology, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

“Automation and instrumentation enable businesses to improve productivity by reducing errors and enhancing quality and speed of activities. As per observations, it is noted that automation of activities can increase productivity growth globally from approximately 0.6%-0.8% to 1.3%-1.5% annually.” – Bhuvaneshwari Udayakumar, information technology expert at SpendEdge.

Business process re-engineering enables buyers to estimate the cost of restructuring and the ability of the existing infrastructure to integrate with automated systems and software. However, buyers find it difficult to understand organization’s capabilities in terms of analyzing organization’s structure, culture, and existing IT resources. Furthermore, issues in comprehending the organizational culture may lead to disruption in routine work due to the implementation of automation and instrumentation.

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This procurement report on the glass automation and instrumentation market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

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Myristic Acid

Growth of the Frozen Food Industry Driving the Demand for Myristic Acid

SpendEdge Procurement Market Intelligence I- Myristic AcidLondon, Apr 11, 2018: There is an increase in the overall global spending on processed foods, personal care, and cosmetic products due to economic growth. As these are the major end-users of myristic acid, and it has led to the growth of the global myristic acid market. Additionally, the increase in demand for natural fatty acids in food products from end-consumers ensures that they focus on production of food, which contains the necessary amount of natural fatty acid, such as myristic acid.

SpendEdge’s latest procurement research report on the global myristic acid market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the chemicals, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

“Myristic acid acts as a preservative within the frozen food industry due to its food quality retention properties. The frozen food industry is expected to grow at a CAGR of 3.6% by 2019, and thereby increase the demand for myristic acid” – A. Kowshik, chemicals expert at SpendEdge.

The raw materials market for myristic acid experiences seasonal volatility due to natural calamities such as hurricanes, tsunamis, floods, or drought. Also, the production of nutmeg, coconut oil, palm oil, and palm kernel oil, which are major raw materials of myristic acid require a tropical climate. Therefore, such seasonal weather changes affect tree plantation and interrupt the supply of myristic acid in adequate amounts causing a major procurement problem.

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Request Free SampleThis procurement report on the glass myristic acid market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

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Oilfield Services

Increasing Oil and Gas Extraction Activities Driving the Demand for Oilfield Services

SpendEdge Procurement Market Intelligence InfographicsLondon, Apr 27, 2018: A slow recovery in oil and gas prices, due to an easing of the supply glut in the market, is motivating operators to revisit shelved E&P projects, leading to growth in OFS demand. The supply glut was the result of price wars among the top oil and gas producing countries, which resulted in the supply of oil and gas exceeding the demand. As a result, the demand for oilfield services was on the rise.

SpendEdge’s latest procurement research report on the global oilfield services market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the chemicals, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

“Industrial development, rising global population, and economic growth worldwide drive the need for energy. Oil and gas are the major raw materials for energy-generating companies worldwide. Nearly half of the global energy generated in 2016 was produced using oil and gas which resulted in demand for oilfield services” – Anil Seth, chemicals expert at SpendEdge.

An assessment of compliance of suppliers with labor regulations is essential to buyers. This is critical, as labor issues are prevalent in countries such as child labor and forced labor in countries such as China, Russia, as well as African countries, which have active oil and gas industries, and hence, require OFS. These regions have weak enforcement of regulations, which can result in suppliers engaging in noncompliant activities without the knowledge of authorities.

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This procurement report on the glass oilfield services market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

Get unlimited access to all our reports. Get access to our reports to gain insights, platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now


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High Voltage Capacitors

Growing Transmission and Distribution Network Driving the Demand for High Voltage Capacitors

SpendEdge Procurement Market Intelligence InfographicsLondon, May 16, 2018: Factors such as rapid industrial development across emerging markets and growing transmission and distribution network worldwide have subsequently increased the demand for high voltage capacitors. In terms of applications, high voltage capacitor is majorly used in bulk power transmission as it helps to reduce transmission losses. The adoption and implementation of a technological upgrade in the power market has enhanced the efficiency of high voltage capacitors and improved the end-user experience, which drives the market growth

SpendEdge’s latest procurement research report on the global high voltage capacitor market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the electrical component, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

“High voltage capacitors are used in diverse end-user industries such as power supplies, power transmission and distribution, drive systems and inverters, motors, oil and gas electronics, and medical electronics. Further, high voltage capacitor demand is relatively strong in smartphones, tablet, automotive electronics, and computers, which is anticipated to drive the market growth.” – Tridib Bora, electrical components expert at SpendEdge.

Reliability of high voltage capacitor is important to ensure their safe operation. Buyers conduct several tests to check the reliability of capacitors. Therefore, buyers/suppliers must check various documents published by international and national bodies such as International Electrotechnical Commission as they enumerate guidelines regarding the reliability of capacitors.

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This procurement report on the high voltage capacitor market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

Get unlimited access to all our reports. Get access to our reports to gain insights, platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now


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Low Voltage Capacitor

Growth of Consumer Electronics and Automobile Industry Driving the Demand for Low Voltage Capacitors

SpendEdge Procurement Market Intelligence InfographicsLondon, May 14, 2018: Telecommunications, consumer electronics, and automobile electronics segments will contribute 40%-53% of the rise in incremental spend in the low voltage capacitor market. This incremental spend is primarily driven by the demand from the APAC countries, especially India and China. Due to such incremental spends, the APAC region is expected to dominate the market by 2025.

SpendEdge’s latest procurement research report on the global low voltage capacitor market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the electrical component, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

“Proximity to electronic component manufacturing facilities and the subsequent supply chain related cost savings and huge market potential for the growth of end-user industries such as smartphones are compelling buyers in North America and Europe to establish manufacturing facilities in these regions. This is directly driving the growth of this market.” – Tridib Bora, electrical components expert at SpendEdge.

Buyers can enter into a strategic research partnership with suppliers for enhancing end-product functionalities and quality. In such research partnerships, suppliers agree to supply the newly developed product at a lower price to the buyers, while the same products are sold at a higher price in the market. This way, entering into strategic research partnerships with suppliers for developing products that will meet specific requirements is one of the best procurement practice.

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This procurement report on the low voltage capacitor market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

Get unlimited access to all our reports. Get access to our reports to gain insights, platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now


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Isocyanates

The Growth of the Construction Industry Driving the Demand for Isocyanates

SpendEdge Procurement Market Intelligence InfographicsLondon, May 11, 2018: The increasing demand from the construction industry due to rise in infrastructural development in regions such as APAC and South America increases the demand for paints, which is a major end-product of isocyanates. This will consequently result in the overall market growth of isocyanates.

SpendEdge’s latest procurement research report on the global isocyanates market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the chemicals, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

“The construction industry contributed to nearly 34%–36% of the global isocyanates consumption in 2017, which makes it a major end-user industry. Isocyanates are mainly used in this industry for applications including paints, adhesives, flooring, furnishing, and sealants for wooden furniture.” – Bhuvaneshwari Udayakumar, chemicals expert at SpendEdge.

Buyers often face challenges related to the high toxicity of isocyanates, which leads to increase in the toxicity of end-products. The high toxicity of end-products leads to delay or denial of products in the market by government authorities. This consequently results in low sales of buyers’ products.

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This procurement report on the isocyanates market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

Get unlimited access to all our reports. Get access to our reports to gain insights, platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now


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Wearable Camera

Increasing Spend from Sports and Media Industry Driving the Demand for Wearable Cameras

SpendEdge Procurement Market Intelligence InfographicsLondon, May 09, 2018: Sports and media industries will likely contribute nearly 52% share to the global wearable camera category during the forecast period. The increasing spend from these end-user industries across North America and Europe is expected to drive the demand for wearable cameras during the forecast period. In addition, value-added product features such as instant media sharing, and customization of settings related to widgets and transfer medium will result in high demand for wearable cameras from media and entertainment industries.

SpendEdge’s latest procurement research report on the global wearable camera market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the information technology, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

“The rise in product life cycle will constraint the market growth toward the end of the forecast period. Growing awareness about the product will boost the sales of wearable cameras in developing regions such as APAC and South America during the forecast period.” – Bhuvaneshwari Udayakumar, information technology expert at SpendEdge.

Buyers in the wearable camera market should collaborate with suppliers on a long-term basis. This type of collaboration will aid them to attain high negotiation power, which leads to cost-savings. In addition, it helps in drafting better product requirements for buyers.

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This procurement report on the wearable camera market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

Get unlimited access to all our reports. Get access to our reports to gain insights, platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now


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Oil Filters

Frequent Changes of Oil Filters in Plant Machinery Driving the Demand for Oil Filters

SpendEdge Procurement Market Intelligence Infographics (1)London, May 07, 2018: Several large organizations are looking to reduce the operational costs associated with plant machinery. This is leading to installation oil filters in the machinery and engines at operational facilities as they enhance the efficiency of the machinery and obtain cost-benefits by optimizing the total usage of oil. As a result, the global spend on the oil filters category is on the rise.

SpendEdge’s latest procurement research report on the global oil filters market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the materials, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

“Suppliers in the global oil filters market have high growth opportunities to set up their operational and distribution facilities in APAC due to the rapid growth of end-user industries in the region” – Angad Singh, materials expert at SpendEdge.

Buyers need to adopt demand management measures in collaboration with the supplier, which will help to streamline the production and inventory process at suppliers’ operational facility. This will help to minimize the TCO and reduce the overall procurement costs.

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This procurement report on the oil filters market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

Get unlimited access to all our reports. Get access to our reports to gain insights, platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now


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Software License

HOW CAN BETTER SOFTWARE LICENSE MANAGEMENT RESULT IN COST OPTIMIZATION?

London, Apr 18, 2018: Software licensing is complicated in any organization which is why companies usually purchase software entitlements for hundreds of rights. The rights are then distributed to several employees and machines. Software license management helps organizations to track and document an organization’s software portfolio.

SpendEdge’s latest webinar on the software license management offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The webinar also offers detailed insights into the license management best practices, cost optimization, and software license compliance.

“A good software license management tool will ensure compliance with all such issues and maintain business continuity. Leading procurement organizations can optimize their license spend by negotiating with large suppliers.” – procurement expert at SpendEdge.

Tracking software usage and staying compliant helps companies to plan future purchases wisely by knowing the frequently used software and those that are occasionally used. An excellent software license management tool will ensure compliance with software license agreement and maintain business continuity.

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This webinar on software license management offers insights on:

  • What is software license management?
  • Why should organizations have software license management in place?
  • How procurement teams can yield cost optimization with better software license management
  • Consequences of non-compliance with software licenses

Get unlimited access to all our procurement reports. Get access to our reports to gain insights, platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now


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