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NEW YORK, SpendEdge’s latest market research report estimates the Induction Motors market will grow at a CAGR of 11.26% by 2026. Prices will increase by 2%-5% during the forecast period and suppliers will have a moderate bargaining power in this market.
Am I engaging with the right suppliers? Which KPIs should I use to evaluate my incumbent suppliers? Which supplier selection criteria are relevant for Induction Motors? What are the Induction Motors category essentials in terms of SLAs and RFx?
A targeted strategic approach to Induction Motors sourcing will provide several opportunities to buyers. However, in the absence of actionable intelligence on Induction Motors, buyers have resulted in a transaction-based approach towards the category. The report explains key category management objectives that should form the base for sourcing strategy, including:
Top-line growth Scalability of inputs Green initiatives Category innovations Supply base rationalization Demand forecasting and governance Minimalization of ad hoc purchases Adherence to regulatory nuances Cost savings Customer retention Reduction of TCO Supply assurance
Synthetic Resins – Forecast and Analysis: The synthetic resins will grow at a CAGR of 5.09% during 2021-2025. This report evaluates suppliers based on quality of the product, pricing, assessment of safety measures, and ability to cater to surges in demand. Plastic Bags and Pouches Sourcing and Procurement Report: The plastic bags and pouches, prices will increase by 3%-5% during the forecast period and suppliers will have a moderate bargaining power in this market. Dyes and Pigments- Sourcing and Procurement Intelligence Report: This report evaluates suppliers based on processing capacity, geographic presence, existence of documented production processes and quality control systems, and production capabilities and product portfolio.
This report provides in-depth inputs on streamlining your Induction Motors category management practices.
What should be my strategic sourcing objectives, activities, and enablers for Induction Motors category? Which negotiation levers can I pull for cost-saving? What are Induction Motors procurement best practices I should be promoting in my supply chain
Table of Content
Executive Summary Market Insights Category Pricing Insights Cost-saving Opportunities Best Practices Category Ecosystem Category Management Strategy Category Management Enablers Suppliers Selection Suppliers under Coverage US Market Insights Category scope Appendix
About SpendEdge:
SpendEdge is one of the world’s leading procurement market intelligence companies. For over 17 years, we have been serving over 200 clients—including 55 Fortune 500 companies—across various industries with our best-in-class sourcing and procurement solutions.
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