LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Transmission Fluids Category - Procurement Market Intelligence Report.
High demand for automatic transmission fluids owing to the development and growing usage of low-cost automatic vehicles will impact the transmission fluid market. However, the report projects a decelerating spend growth momentum for this market in the coming years owing to the development of innovative transmission systems with low fluid replacement rates.
“To reduce category spend, the buyers must adopt a strategic contract management approach and enter into partnerships with the suppliers,” says SpendEdge procurement expert Tridib Bora. “This practice also includes periodic modification of the contract terms based on the buyer’s procurement needs,” added Tridib.
In this procurement report, the buyers have conducted a comprehensive analysis of the transmission fluid market to identify factors that will impact the future growth prospects of the market. Request a FREE sample report to get access to such actionable insights that have helped several key stakeholders devise a cohesive and a futuristic market strategy to sustain and grow in the dynamic market.
The procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for the transmission fluid market.
- Increasing usage and development of low-cost automatic vehicles driving demand of automatic transmission fluid.
- High demand for the synthetic transmission fluids market segment.
- To know more, Purchase the full report
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SpendEdge’s procurement market intelligence reports for the chemicals category help in identifying category pricing dynamics which assist both the buyers and the suppliers design a cost-effective category procurement strategy. The reports highlight supplier performance benchmarking criteria to help buyers achieve their procurement goals. Additionally, SpendEdge’s reports provide insights on the sustainability and procurement best practices for the category.
Report scope snapshot: Transmission fluid market
Best practices
- Procurement excellence best practices
- Procurement best practices
- Sustainability practices
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Category management strategy
- Supplier and buyer KPIs
- Outsourcing category management activities
- Risk management
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Category pricing insights
- Total cost of ownership analysis
- Overview of pricing models
- Comparison of pricing models
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