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Procurement Market Intelligence Report

Vending Machine Rental in Canada
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Vending Machine Rental in Canada?

What is the average price of Vending Machine Rental in Canada?

This procurement report includes pricing information to help you purchase Vending Machine Rental in Canada. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Vending Machine Rental in Canada been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Vending Machine Rental in Canada yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Vending Machine Rental in Canada?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Vending Machine Rental in Canada with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Evaluate major factors to mitigate risk

How risky is the Vending Machine Rental supply chain in Canada?

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HIGH

MEDIUM

LOW

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Quality

  • Have you won any quality awards? If so, which ones?
  • How long does it take you to order a product that is not in stock?
  • To what extent are your vending machines energy efficient?
  • Are you capable of equipping your machines with an energy miser?
  • Are you a member of the Canadian Automatic Merchandising Association? Do your employees receive any training or certification from industry associations?

Specialization

  • To what extent are you capable of providing a customized vending machine?
  • If the products I require are not in your inventory, are you able to order them? If so, how complicated is the ordering process?
  • Do you provide inventory management services? If so, what do these services entail?
  • Do you provide vending machines with a touch screen for customers to view the different products?
  • Which of your machines come installed with a debit or credit card reader?

Timeliness

  • If a machine runs out of stock before the scheduled restocking date, how soon could you arrive to refill the machine?
  • If I have multiple locations, do you have a large enough staff to regularly stock my vending machines?
  • If my vending machine stops working or is vandalized, are you capable of addressing issues within 24 hours?
  • How have your systems and processes changed to improve delivery times?
  • What checks and balances are in place to ensure that the work is done on time without sacrificing quality?

Sourcing across North America?

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Key elements for every RFP

What should my Vending Machine Rental in Canada RFP include?

Project Budget

  • Buyers should explicitly state the amount for the award.
  • Buyers should explain the schedule with which payments will be made.
  • For assistance in ascertaining a reasonable price and price range for vending machine rental, buyers can consult the Benchmark Price section of this report.

Selection Criteria

  • Buyers should look for suppliers with a wide range of inventory, which will ensure that the vendor will be able to meet current and future needs.
  • Buyers should ask for a list of references from current and former customers.
  • Buyers should give preference to local suppliers to limit delivery costs and simplify communication.
  • Buyers should look for suppliers that are a part of, or are recognized by industry-specific associations, such as the Canadian Automatic Merchandising Association.

Project Schedule

  • Buyers should communicate to prospective suppliers when award information results will be provided.
  • Buyers need to provide due dates for any delivery, restocking, cleaning and other maintenance work.
  • Buyers should provide general expectations with regard to response time and customer service.
  • Buyers should list all specific start and finish dates once a prospective supplier is chosen.