LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Measuring and Testing Devices Category - Procurement Market Intelligence Report.
Preventive maintenance systems generally refer to the equipment used as measuring and testing devices. Such devices are experiencing a high demand across the oil and gas industry since it helps curb the losses incurred due to equipment failure. This is emerging as a significant factor in accelerating the spend growth momentum for the measuring and testing devices.
“The buyers are advised to opt for suppliers who offer trade-in programs for old measuring and testing devices. This will consequently result in cost savings for the buyers,” says SpendEdge procurement expert Anil Seth.
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The procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for the measuring and testing devices market.
- Increasing adoption of preventive maintenance systems
- Growth of the healthcare industry in the APAC region
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SpendEdge’s procurement market intelligence reports for the electrical components 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: Measuring and testing devices market
Category pricing insights
- Total cost of ownership analysis
- Overview of pricing models
- Comparison of pricing models
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Category management strategy
- Supplier and buyer KPIs
- Outsourcing category management activities
- Category management objectives
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Suppliers selection
- Supplier selection criteria
- Service level agreement
- Incumbent supplier evaluation metrics
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