Learn about actual and potential costs
How much should I pay for Cans & Pails?
What is the average price of Cans & Pails?
This procurement report includes pricing information to help you purchase Cans & Pails. 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 Cans & Pails 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 Cans & Pails 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 Cans & Pails?
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 Cans & Pails 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 cans and pails market is moderate, with the top four largest suppliers accounting for about 45.0% of total revenue. ProcurementIQ estimates that there are about 900 suppliers of cans and pails operating in the market, but three manufacturers exercise significant control. Ball Corporation, Crown Holdings... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How have your production costs changed during the past three years?
How do fluctuations in your input costs affect your major clients?
What do you do to mitigate increases in production costs?
Do you have contracts with multiple suppliers of raw materials or manufacturers?
What are your criteria for picking the manufacturers or suppliers you partner with?
Shipping & Distribution
What is the average shipping time and cost?
Do you have multiple distribution centers?
Where are your distribution centers located?
Do you ship anywhere in the country?
What is the most cost-effective method for shipping your cans and pails?
Have you had issues in the past three years regarding late shipments?
Who is in charge of your inventory and ordering? How long have they been working with you?
Do you use electronic inventory tracking systems?
Do you partner with any local warehouses to boost available inventory?
How much inventory do you currently have on hand?
“Sending out RFPs used to be a nightmare”
Let’s chat about how procurement market intelligence can reduce
the time you spend issuing RFPs.
Key elements for every RFP
What should my RFP include?
Buyers should state the total value of the contract.
Buyers should specify their preferred payment terms, including method and frequency.
Buyers should specify their preferred terms for price adjustments during the contract.
Buyers should reference the Benchmark Price section of this report to confirm that they are paying a competitive price for the cans and pails.
Buyers should evaluate providers based on their reputations and experience.
Buyers should look for suppliers that can meet their requirements for product scope and order volume.
Buyers should evaluate providers based on whether their cans and pails meet the specifications of the RFP.
Buyers should reference the Buyer-Decision Scorecard section of this report for additional criteria to use when evaluating suppliers.
Buyers should indicate how long the contract for cans and pails will be.
Buyers should specify when vendors’ proposals must be submitted.
Buyers should include the date when providers will be notified about contract awards.
Buyers should include their preferred delivery date for the cans and pails.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk for cans and pails providers has been moderate during the three years to 2019. This amount of risk reduces buyer power because it indicates that providers are more likely to experience upstream supply chain disruptions that prompt them to increase product prices. Consequently, market providers may be... Subscribe to learn more.