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Procurement Market Intelligence Report

Banners Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Banners?

What is the average price of Banners?

This procurement report includes pricing information to help you purchase Banners. 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 Banners 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 Banners 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 Banners?

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 Banners 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 Banners?

The banner market has a low level of market share concentration, with the top four suppliers generating less than 30.0% of total market revenue in 2019. The banner market contains an estimated 1,710 suppliers, including smaller specialized vendors and larger diversified providers. The number of providers in this market has... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Supply Chain

Over the past three years, what percentage of your revenue has been dedicated to raw materials? How has that changed?

Over the past three years, what percentage of your revenue has been dedicated to labor? Do labor costs fluctuate seasonally?

How do you mitigate sudden price increases in raw materials?

Do you source from multiple suppliers or a single supplier? How does this affect costs?

How do your manufacturing costs compare to your competitors'?

When was the last time you invested in new production equipment?

Financial Stability

Has your company ever been at risk of bankruptcy?

What happens if you are unable to fulfill an order?

How have rising input costs affected your profitability?

Do you have company financial figures available?

Shipping

Where are your distribution centers located?

What is the average shipping time and cost for your orders?

Do you ship anywhere in the country?

What is the most cost-effective shipping method you offer?

Is there a minimum order required to receive free shipping?

Have you had issues in the past three years regarding late shipments?

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Key elements for every RFP

What should my Banners RFP include?

Project Budget

Buyers should indicate the total value of the contract for banners.

Buyers should reference the Benchmark Price and Total Cost of Ownership sections of this report to verify that they are receiving competitive prices for their banner purchases.

Buyers should indicate their preferred terms for invoicing and payment.

Buyers should confirm whether additional services, such as design or installation, are included in the price of the order.

Selection Criteria

Buyers should evaluate providers on their ability to meet the product specifications in the RFP.

Buyers should consider the experience of providers during the evaluation process.

Buyers should evaluate providers based on their production speed and location.

Buyers should reference the Buyer-Decision Scorecard section in this report for additional selection criteria.

Project Schedule

Buyers should indicate whether the RFP is for an ad hoc purchase or if they are seeking a long-term supply contract.

Buyers should include the date by which proposals must be submitted.

Buyers should specify the date by which the banners will need to be delivered.

Buyers should indicate when providers will be notified about contract awards.

Evaluate major factors to mitigate risk

How risky is the Banners supply chain?

Supply chain risk in the banner market has been moderate in the three years to 2019. This level of risk reduces buyer power because it indicates that providers are more likely to experience supply chain disruptions, which can increase their production costs. Consequently, moderate supply chain risk often makes providers... Subscribe to learn more.

HIGH

MEDIUM

LOW