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Electric Power Steering System Market: Electric Power Steering, Power Steering System, Procurement Organization, Supplier Selection Insights, Cost Saving Opportunities, and Spend Growth Data Now Available from SpendEdge

September 21, 2018

LONDON--(BUSINESS WIRE)--Sep 21, 2018--SpendEdge, a global procurement market intelligence firm, has announced the release of their .

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180921005124/en/

Global Electric Power Steering System Category - Procurement Market Intelligence Report. (Graphic: Business Wire)

Strict government regulations to curb vehicle emissions are compelling the automotive manufacturers to design their vehicles with high-quality engine electronics such as the electric power steering system. This is fueling the market growth of the electric power steering system market. Moreover, the growing demand for electric vehicles from North America and Europe is boosting the demand for the electric power steering system.

“To tackle the hyper-dynamic raw material prices, the buyers must engage with suppliers who can forecast the demand and prices of raw materials by using effective predictive analytical tools. This will minimize the procurement-related costs, as well as any ad-hoc category, spend,” says SpendEdge procurement expert Tridib Bora.

Increasing commodity metals and labor expenditure will lead to a price surge. However, our procurement experts have determined strategic levers that can help both the buyers and suppliers to achieve cost savings over a period of time. to know more on this report.

The procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for the electric power steering system market.

Growing demand for electric vehicles from North America and Europe Growing focus on R&D activities to manufacture vehicles with enhanced features Not what you are looking for? Our industry experts will work directly with you to understand your requirements and offer customized information!

SpendEdge’s procurement market intelligence reports for the components and spares category identify the key category management objectives and provide insights into category pricing strategies. It helps the buyers in analyzing the supplier relationship management metrics during the category procurement process. Additionally, SpendEdge’s reports provide insights on the sustainability and procurement best practices for the category.

Report scope snapshot: Electrical power steering system market

Category pricing insights

Total cost of ownership analysis Overview of pricing models Comparison of pricing models Interested to know more about the scope of our reports?

Category management strategy

Supplier and buyer KPIs Outsourcing category management activities Category management objectives Want more information?

Suppliers selection

Supplier selection criteria Service Level Agreement Incumbent supplier evaluation metrics To view this report’s table of contents,

Do you purchase multiple reports in a year? Our subscription platform, , 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.

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About SpendEdge:

shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180921005124/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Consultant

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: SpendEdge

Copyright Business Wire 2018.

PUB: 09/21/2018 07:34 AM/DISC: 09/21/2018 07:34 AM

http://www.businesswire.com/news/home/20180921005124/en

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