LONDON--(BUSINESS WIRE)--Global procurement market intelligence advisory firm, SpendEdge, has announced the release of their Global Locomotive Category - Procurement Market Intelligence Report. This procurement report offers a comprehensive assessment of the best category management strategies and analyzes the pricing models of suppliers to aid buyers during negotiations.
Our procurement reports for the logistics, warehousing, and transportation category have helped numerous Fortune 500 companies to better manage their spend. The procurement market intelligence reports also identify the major suppliers of locomotives and highlight the best strategies for supplier selection.
“Auditing the suppliers’ facilities to evaluate the plant utilization rate and designing the manufacturing process is one of the procurement best practices for reducing spend,” says SpendEdge procurement expert Angad Singh. “Also, engaging with suppliers who have the capability to offer one-stop solutions such as maintenance services is one of the best practices to manage the category better,” added Angad.
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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 locomotive market.
- High demand for freight locomotives
- Improvements in mega corridors
- Rising efforts to replace the aged fleet with new or latest version of the locomotives
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Report scope snapshot: Locomotive market
Market Insights
- Category spend growth
- Spend segmentation by region
- Regional spend dynamics
- To know more, download a free sample
Suppliers Selection
- RFx essentials
- Supplier selection criteria
- Service level agreement
- To know more, download a free sample
US Market Insights
- Price outlook
- Supplier cost structure in the US
- Margins of suppliers in the US
- To know more, download a free sample
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About SpendEdge
SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for 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. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.
