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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 ?

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 in 2021. According to ProcurementIQ estimates, there are currently 818 vendors of CNC lathes in the US market. About half of these suppliers are manufacturers, while... 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?

Competition

How do you win and retain business?

How long have you provided CNC lathes and turning centers to your most tenured clients?

What is your reputation like among customers? How have you developed it?

How is your CNC machine line better than your competitors'?

COVID-19

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?

Have you experienced fluctuations in demand as a result of the coronavirus pandemic? What measures are you taking to handle increased/reduced demand?

Location

If I am located in a different region, do you anticipate any difficulties in delivering the CNC machine?

What are your shipping rates to my facilities? Do shipping rates vary if I need CNC machines shipped to more than one location?

What logistical systems do you have in place to manage outgoing shipments?

How do you ensure timely and accurate shipping?

Do you have low inventory or supply issues with any of the CNC machines we are ordering? How will this affect shipping times?

Product Specifications

What manufacturing specifications do you follow to produce your CNC machines?

What have you done to improve the reliability, safety and precision of your machines in the past few years?

What are the most common issues that result in your machines breaking down?

What customization options (if any) are available for your CNC machines?

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?

Industry Experience

What percentage of your business stems from buyers in my industry?

How are your machines enhanced to suit operators in my industry?

Will my machine have a broad resale market that includes other industries?

What products that I am currently making through other methods could be enhanced by using your CNC machine?

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Key elements for every RFP

What should my 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 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 wide... Subscribe to learn more.

HIGH

MEDIUM

LOW