DUBLIN--(BUSINESS WIRE)--The "Global Shaft Couplings - 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 Shaft Couplings Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
Shaft couplings are mechanical devices that are used in motors, pumps, compressors, and generators to connect the rotating shafts and then transmit power and torque to other connected shafts. They are also used to correct misalignments between rotating shafts. They can be rigid or flexible, depending on requirements with respect to torque and power.
Major end-user industries of shaft couplings, such as oil and gas, chemical, and F&B, are increasingly adopting extensive automation at their facilities to reduce costs on labor and improve the efficiency of processes. This is resulting in the increasing use of shaft couplings for precise motion control in machinery and conveyor belts.
One of the procurement best practices for buyers is to collaborate with suppliers that have strong VMI capabilities. According to the report, one of the key growth contributors for the global shaft couplings market is the rise in oil and gas production. Further, the report states that one of the key category management strategies for the buyers in the global shaft couplings market is to rationalize the supply base, which enables them to make decisions pertaining to future purchase orders with primary and secondary suppliers.
- Altra Industrial Motion
- Regal Beloit
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/s22mcl/global_shaft?w=4