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Procurement Market Intelligence Report

Catalytic Converters
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Catalytic Converters?

What is the average price of Catalytic Converters?

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

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 Catalytic Converters 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 ?

Among the estimated 50,000 providers of catalytic converters, the top four players account for less than 30.0% of total market revenue, signaling a low level of concentration. Most vendors choose to operate within particular market segments, curbing their ability to garner a significant share of revenue. For example, suppliers usually... 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?

Regulation

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?

Supply Chain

How have supply chain disruptions, if any, affected the continuity of your business? How did you handle these disruptions?

How do you hedge against supply chain risks?

To what extent do you use price escalation clauses in contracts with buyers?

How sensitive is your business to changes in demand from different buying segments?

Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?

How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?

Amidst widespread health concerns, 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?

Competition

How do your products differ from your competitors?

How do you obtain new clients and retain their business?

What effect has increased competition in the market had on your business?

Do you foresee any major overhauls to your business model during the next few years?

Experience

How long has your business been operating in the market?

How has your business adjusted to changes in the market?

What proportion of your clients are recurring customers?

Who has been your largest client and how did you address their needs?

How do you measure customer satisfaction? Can you provide me with client references?

What is your past experience working with a company of my size?

Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased/reduced demand?

Distribution

How many branches do you have across the United States? Globally?

What types of shipment methods do you use?

What is your delivery schedule and turnaround rate for both domestic and international orders?

What is your delivery on-time rate?

How do you manage shipment issues?

To what extent can you overnight products? What are the added fees, if any?

How can I bundle goods to reduce shipping rates?

Quality Control

What is your acceptable margin of error for the production of catalytic converters?

How many recalls have you had in the past three years? Were these recalls voluntary or mandated? What problems created the need for the recalls? How have you handled these recalls?

What types of technical issues have you experienced with this product?

What is the typical inspection process that your product undergoes? What internal testing procedures do you use to ensure product quality?

Warranty

What, specifically, do your warranties cover?

Is the warranty provided by you or is it an aftermarket warranty?

What are the terms and conditions of the warranty? Does the warranty require paperwork?

How are warranty repairs or replacements handled?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify the total budget for the requested products.

Vendors should include a cost schedule for their products, as well as any other costs for which buyers are responsible (e.g., shipping).

Selection Criteria

Buyers should evaluate the extent to which the products meet their needs.

Buyers should evaluate vendors based on their cost proposals.

Buyers should evaluate the useful life of the products.

Buyers should evaluate the warranties associated with the products.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should include the date proposals are due and any other relevant dates (e.g., inspections, etc.) prior to the contract award.

Buyers should include the date by which they must receive the products.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain risk for catalytic converters is moderate. Suppliers of catalytic converters source inputs from many upstream vendors, including iron and steel manufacturers, platinum manufacturers, steel rolling and drawing firms, inorganic chemical manufacturers and aluminum manufacturers. The risk in the supply chain is driven by volatile inputs that affect... Subscribe to learn more.

HIGH

MEDIUM

LOW