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Procurement Market Intelligence Report

CNC Lathes & Turning Centers
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for CNC Lathes & Turning Centers?

What is the average price of CNC Lathes & Turning Centers?

This procurement report includes pricing information to help you purchase CNC Lathes & Turning Centers. 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 CNC Lathes & Turning Centers 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 CNC Lathes & Turning Centers 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 CNC Lathes & Turning Centers?

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 CNC Lathes & Turning Centers 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 CNC Lathes & Turning Centers?

Market share concentration for CNC lathes and turning centers is low, as the top four suppliers account for less than 30.0% of market revenue. According to ProcurementIQ estimates, there are currently 650 vendors of CNC lathes in the US market. While manufacturers generate the majority of market sales, machinery dealers... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Customer Service

What is your process for dealing with customer complaints?

Do you have a technical support line? During what hours can technical support be reached?

What is your average response time when dealing with customer queries?

Do you provide any assistance in setting up CNC machinery or offer any training in how to operate these machines?

Warranty

What do your warranties cover?

Do you provide the option to purchase extended warranties?

In the event that a CNC machine purchased from your company malfunctions, what is the warranty procedure?

What is the average length of time to receive repairs or replacement machinery that is being provided as a result of the warranty?

What actions will void the warranty?

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Key elements for every RFP

What should my CNC Lathes & Turning Centers RFP include?

Project Budget

Buyers should specify their total budget.

Buyers should specify desired payment terms, including the preferred interest rate, if applicable.

Buyers should request detailed information about shipping costs.

Selection Criteria

Buyers should prioritize suppliers that are located nearby to reduce lead times and shipping costs.

Buyers should ensure that the provider's machine meets their specifications.

Buyers should give preference to vendors that can meet the budget requirements in the RFP.

Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.

Project Schedule

Buyers should specify the date when proposals are due and when the award will be announced.

Buyers should indicate the date by which the machine must be delivered.

Evaluate major factors to mitigate risk

How risky is the CNC Lathes & Turning Centers supply chain?

Supply chain risk for CNC lathes and turning centers is moderate. Key first tier suppliers provide inputs like electrical apparatus and equipment, nonferrous metal foundry products and ferrous metal foundry products. Ferrous and nonferrous metal foundry products, in particular, present moderate risk to providers of CNC lathes due to the... Subscribe to learn more.

HIGH

MEDIUM

LOW