DUBLIN--(BUSINESS WIRE)--Aug 17, 2018--The "Global Contactors - Procurement Market Intelligence Report" report has been added to ResearchAndMarkets.com's offering.

The report provides actionable insights to improve source-to-contract cycle performance in the Global Contactors Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.

The report provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to the optimization of category spend.

One of the procurement best practices for buyers is to prefer suppliers with high expertise in re-engineering of conventional contactors.

According to the report, one of the key growth contributors for the global contactors market is the high replacement rate of conventional contactors with PLC-enabled and energy-efficient contactors.

Further, the report states that one of the key category management strategies for the buyers in the global contactors market is to engage with suppliers that provide VMI, as it can reduce up to 50% of the costs related to inventory holding of contactors.

Companies Featured

ABB Schneider Siemens TE WEG Eaton

Key Topics Covered

1. Executive Summary

2. Market Insights

3. Category Pricing Insights

4. Cost-Saving Opportunities

5. Best Practices

6. Category Ecosystem

7. Category Management Strategy

8. Category Management Enablers

9. Suppliers Selection

10. Suppliers Under Coverage

11. US Market Insights

12. Category Definition

For more information about this report visit https://www.researchandmarkets.com/research/g82rrl/contactors_2018?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180817005377/en/

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SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/17/2018 01:42 PM/DISC: 08/17/2018 01:42 PM