DUBLIN--(BUSINESS WIRE)--The "Global Forging - Procurement Market Intelligence Report" report has been added to ResearchAndMarkets.com's offering.
Forging is a metal shaping technique in which the material is shaped through localized compressive forces exerted manually or through powered hammer presses or forging machines. Forging helps to produce discrete parts with many different shapes and sizes. Typically, forged parts include nuts, bolts, rivets, crane hooks, connecting rods, turbine shafts, and hand tools. End-user industries such as automotive, industrial manufacturing, aerospace and defense, and agriculture dominate the global forging market.
The report provides actionable insights to improve source-to-contract cycle performance in the Global Forging Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
One of the procurement best practices for buyers is to engage with suppliers that incorporate simulation process for design.
According to the report, one of the key growth contributors for the global forging market is the growth in end-user industries such as automotive, industrial manufacturing, aerospace and defense, and agriculture.
Further, the report states that one of the key category management strategies for the buyers in the global forging market is to focus on supply assurance by implementing software such as ERP and SCM.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
- Nippon Steel & Sumitomo Metal
- Bharat Forge
- American Axle and Manufacturing
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/84z8db/global_forging?w=4