Brake Linings Market Procurement Intelligence Report

Business practices within Brake Linings market are heavily influenced by changing trends across the category as well as within the broader Non-Military Vehicles market. Procurement costs for Brake Linings are highly impacted by an increase in the costs associated with the value chain of Brake Linings, such as logistics, labor cost and energy. Additionally, outdated assets are also increasing the cost for suppliers.

Suppliers are continuously taking efforts to improve efficiencies and productivity and deploying processes and technologies. Some of these investments are likely to increase their costs in the shorter term, but learnings from other sectors keep the suppliers optimistic about a lean cost structure in the longer run.

Several structural changes including M&As and vertical integration efforts of suppliers are characterizing the broader market. Such strategic developments can erode the strength of previously established supplier relationships due to changed realities in the supplier's ecosystem. At the same time, buyers may also find opportunities to onboard new suppliers with a wider range of offerings or better contract terms for .

As a result, category managers need to closely monitor the Brake Linings procurement trends and identify changes required in their procurement environment for the category.

Brake Linings procurement best practices are moving towards a level of sophistication which is typically seen in traditional procurement categories. Category managers now have an attractive opportunity to adapt the best practices seen within this category as well as those being leveraged in other non-related categories. This report summarizes the best practices picked from across multiple categories that could work well for category managers involved with Brake Linings procurement strategy.

For example, Buyers should engage with suppliers that have adopted a global delivery model as it reduces buyers' risk. In this model, any disaster/emergency at any operating facility of supplier will result in the work being transferred to a different facility, thereby ensuring continuity of the project and reduced risk for buyers. This model also provides buyers access to skilled labor from across the globe, thereby improving the quality of engineering products provided by the supplier.

Competitive bidding as a cost optimization tool is extremely potent but should be carefully deployed only when there is no significant differentiation among Brake Linings suppliers.

Buyers need to evaluate the in-depth expertise of suppliers in the Brake Linings industry. This can be assessed by considering factors such as the years of experience, number of resources that have multi-year experience of working in the same industry and at least 3 to 5 credentials for the supplier.

Brake Linings procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Brake Linings procurement. Some examples include: