Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Supply Chain Updates
  • Global News
  • Contact Us
  • Home
  • Supply Chain Updates
  • Global News
  • Contact Us
No Result
View All Result
No Result
View All Result
Home Supply Chain Updates

Mining Equipment Market Procurement Intelligence Report | Mining Equipment Suppliers, Mining Equipment Price Trends and Procurement Insights Now Available from SpendEdge | Business

usscmc by usscmc
November 12, 2019
Mining Equipment Market Procurement Intelligence Report | Mining Equipment Suppliers, Mining Equipment Price Trends and Procurement Insights Now Available from SpendEdge | Business
Share on FacebookShare on Twitter

LONDON–(BUSINESS WIRE)–Nov 12, 2019–

Global Mining Equipment Market Procurement Intelligence Report. (Graphic: Business Wire)

The regulatory leash that is tightening around the neck of the mining industry will have a rippling impact on the mining equipment market. The processes involved in the mining industry entail substantial water consumption which is driving environmental watchdogs to restrict actions in this industry. Consequently, this will have a negative impact on the spend growth in the mining equipment market which has the potential to touch a value of over USD 35 billion at a CAGR of over 6%. In response to these challenges, mining equipment suppliers are implementing automation in their processes that will enable buyers to reduce manual intervention at the mining sites, thereby limiting the chances of casualties owing to mine accidents.

While you get to avail a 40% discount on this complete mining equipment market procurement intelligence report, why settle with just one? Get your complimentary access to our procurement platform to get daily insights into the price trends and procurement strategies that are being adopted by your competitors for a range of markets.

According to this report, the increase in investments towards infrastructure development in the private sector will result in an increase in construction activities. This will spur the demand in the mining equipment market.

What are the mining equipment price trends that are driving the overall price structure in the global mining equipment market?

  • Forecasts of volatilities in the prices of raw materials such as steel, oil, and gas that are used to manufacture the equipment will inflate the raw material procurement costs for suppliers. According to the metal equipment price trends, this will have an inflationary impact on buyer’s procurement spend in this market.
  • To cater to buyer’s demand for equipment that can ensure operator safety and optimal energy consumption, mining equipment suppliers are incorporating technologies in the equipment such as the remote fuel consumption monitoring systems. This will drive their input and manufacturing costs which will have subsequent impacts on buyer’s procurement spend in the mining equipment market.

Investment opportunities will not wait even when the procurement scenario is complex. Do not fall behind figuring the market dynamics and get instant access to the expert’s recommended procurement strategies for the mining equipment market in the free sample of this report.

What are the scopes of optimizing procurement spend with these upward rising mining equipment price trends?

The scopes to optimize spend are ample and it will require strategic insights into the mining equipment suppliers market. Strategic selection of suppliers will not only fulfill the buyer’s delivery requirements but will also play a critical role in guiding the buyers to optimize their procurement spend. Suppliers who are known to adopt cost-optimizing measures pass on their profits to the buyers in the form of reduced product prices.

Engage with mining equipment suppliers that offer predictive maintenance provision in their equipment

Unscheduled downtime and failure to replace faulty equipment on time have led to severe financial losses for buyers. In the mining equipment market, it is imperative that buyers engage with suppliers who offer equipment with incorporated sensors and IIoT devices. Such devices continually monitor equipment performance and take precise measurements of different operating parameters of the mining equipment to assess the wear and tear of components that face a high frequency of failure.

Assess the capability of mining equipment suppliers in providing proper training to buyers’ operators

On-site accidents during mining can invite high litigation expenses and affect the chances of getting SLO in the future for buyers. To reduce the scope of accidents due to human error in the mining equipment market, buyers should engage with suppliers that provide proper training to buyers’ employees. For ensuring proper training of their operators, buyers should ensure that suppliers are capable of providing an accurate and updated operating manual for all equipment, defensive driver training to all operators of mobile plants and light vehicles, among others.

While a strategic partnership with mining equipment suppliers is crucial to optimize procurement spend, a lack of real-time insights into the current supply market scenario results in sub-optimal partnerships. Get your free access to our procurement platform to gain immediate access to supplier selection strategies.

Some of the key topics covered in this report are:

  • Mining equipment market spend segmentation by region
  • Total cost of ownership analysis in the mining equipment market
  • Regional spend opportunity for mining equipment suppliers
  • Mining equipment suppliers cost structure
  • Mining equipment suppliers selection criteria
  • Mining equipment suppliers under coverage
  • Procurement best practices
  • Category management objectives
  • Cost saving opportunities in the mining equipment market

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal

INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES

Copyright Business Wire 2019.

PUB: 11/12/2019 09:03 AM/DISC: 11/12/2019 09:03 AM

Copyright Business Wire 2019.

usscmc

usscmc

No Result
View All Result

Recent Posts

  • Volkswagen Announces Pricing of 25% Equity Stake Sale in Porsche
  • Can software simplify the supply chain? Ryan Petersen thinks so
  • A strategic approach to cost reduction for banks and fintechs
  • Study examines supply chain issues and opportunities
  • Instacart acquires hyper local grocery e-commerce platform

Recent Comments

  • Top 5 Supply Chain Certifications that are in high demand | Top 5 Certifications on Top 5 Globally Recognized Supply Chain Certifications
  • 3 Best Procurement Certifications that are most valuable | Procurement Newz on Top 5 Globally Recognized Supply Chain Certifications

Archives

  • September 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • September 2019

Categories

  • Global News
  • Supply Chain Updates

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor

Pages

  • Home
  • Terms of Use
  • Privacy Policy
  • Disclaimer
  • Antispam
  • Contact Us

Categories

  • Global News
  • Supply Chain Updates
slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor

Tags

APICS Globally Recognized Supply Chain Certifications IIPMR Certifications International Institute for Procurement and Market Research (IIPMR) ISM Next Level Purchasing Top 5 Supply Chain Certifications top supply chain certifications

Trending

No Content Available
  • Antispam
  • Contact Us
  • Disclaimer
  • Home
  • Privacy Policy
  • Terms of Use

© 2023 www.usscmc.com

No Result
View All Result
  • Home
  • Supply Chain Updates
  • Global News
  • Contact Us

© 2023 www.usscmc.com

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT