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

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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