Learn about actual and potential costs
How much should I pay for Bandages & Dressings?
What is the average price of Bandages & Dressings?
This procurement report includes pricing information to help you purchase Bandages & Dressings. 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 Bandages & Dressings 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 Bandages & Dressings 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 Bandages & Dressings?
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 Bandages & Dressings with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
Market share concentration in the bandage and dressing market is low, with the top four companies accounting for less than 30.0% of total revenue. There are about 1,285 suppliers of bandages and dressings in the US, including manufacturers, wholesalers and distributors. The majority of the top vendors are public companies... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Experience and Expertise
How long have you provided these products to your longest-tenured client?
What qualifications does your staff have and what measures do you take to keep those qualifications up to date?
What industry do you most commonly supply this product for?
To what extent will ordering multiple products from your firm allow me to save on costs?
What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?
Supply Chain Risk
Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?
Has the availability of raw materials tightened due to the coronavirus outbreak?
Over the past three years, what percentage of your revenue has been dedicated to labor?
How have fluctuations in input prices affected the prices of your products during the past three years?
How do you mitigate sudden price increases in raw materials?
When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?
How, if at all, has your supply chain been affected by import tariffs levied in 2018?
How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?
How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?
What ongoing training procedures do you provide for your staff?
Have you ever been found to be noncompliant with regulatory frameworks?
Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
What key inputs do you rely on? Do you have specific upstream contacts?
How have you maintained your relationships with important upstream suppliers?
Do you have access to resources overseas? How does this affect buyers?
Do you rely heavily on certain purchasers? If so, does their influence put risk on your operations?
What is your average shipping timeframe?
What is the largest order I can place and maintain cost-effective shipping?
Is there a warehouse close by to reduce shipping costs?
Are you willing to work with other suppliers to reduce shipping costs?
Do you offer free tracking with your shipments? What is the extent of the tracking information?
What percentage of shipments has been delayed or arrived late? How have you handled these situations?
What are the benefits of working with your company compared with other suppliers?
What is your reputation like among customers and how have you developed it?
How long have your products been on the market? Have there been any side effects or issues with your products?
Do you have any agreements with group purchasing organizations or integrated delivery networks?
What are the benefits of working with you compared with other suppliers?
Product & Service Quality
Do you have a delivery method to handle sudden increases in pickup demand?
How do you retain qualified staff? What is your employee turnover?
What is your best-selling bandage and dressing (brand, type, grade)?
How often are your facilities inspected?
What is your product failure rate? How do you handle the discovery of faulty products?
How have changing regulations affected your operations?
How has increased regulation affected your pricing? How will changes in regulation affect pricing during a contract's duration?
What measures are you undertaking to address the medical device excise tax? How does it affect your operations?
How do you ensure that your customers are aware of changes in regulations?
How many years of experience in manufacturing or wholesaling of medical supplies do you have?
Do you have experience in servicing various brands and types of supplies?
Do you provide services in various geographic regions aside from the region you are headquartered in? If so, which regions?
What clients have you worked in the past? Can you provide references?
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Key elements for every RFP
What should my RFP include?
Buyers can impart the desired price range for each product needed, including adjustments to potential price increases.
Buyers should explain terms of payments, including frequency, timing and value.
Buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.
Buyers should consider the breadth of product line available for purchases both for bandages and related products.
Buyers should take into account the quality of performance by the products.
Buyers should assess the reputation of a vendor, which they can ascertain through client references.
For detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should outline the timeline for the RFP.
Buyers must include the date when proposals are due, when the award will be announced and desired delivery date.
Buyers should include any other benchmark dates that vendors need to be aware of.
Evaluate major factors to mitigate risk
How risky is the supply chain?
There is a medium level of risk across the supply chain for bandages and dressings. One crucial factor contributing to this risk level is the moderate to high volatility of raw materials, such as cotton, chemicals and allied products, and plastic materials and resin. This volatility affects both first tier... Subscribe to learn more.