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
LONDON--(BUSINESS WIRE)--Sep 21, 2018--SpendEdge, a global procurement market intelligence firm, has announced the release of their .
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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 insightsTotal cost of ownership analysis Overview of pricing models Comparison of pricing models Interested to know more about the scope of our reports?
Category management strategySupplier and buyer KPIs Outsourcing category management activities Category management objectives Want more information?
Suppliers selectionSupplier selection criteria Service Level Agreement Incumbent supplier evaluation metrics To view this report’s table of contents,
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