Learn about actual and potential costs
How much should I pay for Commercial Truck Tires?
What is the average price of Commercial Truck Tires?
This procurement report includes pricing information to help you purchase Commercial Truck Tires. 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 Commercial Truck Tires 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 Commercial Truck Tires 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 Commercial Truck Tires?
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 Commercial Truck Tires 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 ?
The commercial truck tires market is highly concentrated. In fact, the four largest manufacturers (Bridgestone, Michelin, Goodyear and Yokohama) combined account for about 68.0% of market sales each year. There are several reasons for the high market share concentration. For instance, manufacturing tires requires a highly complex supply chain consisting... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How many tires are currently in your inventory? What brand makes up the largest portion?
How often do you re-order tires?
Have you ever run out of inventory and been unable to fill an order for an extended time? Has the disruption of the global supply chain amidst the pandemic affected your upstream suppliers' delivery times?
Where do you keep your inventory? Is the storage area secured?
How have your inventory levels changed during the coronavirus? Is your inventory accessible amidst the pandemic?
How many years have you been selling commercial truck tires?
Have you developed any beneficial industry contacts during your time in business?
Can you provide a list of references with relevant contact information?
Who are your most important company personnel and leaders? How long have they been in the industry?
Supply Chain Risk
How have changing input costs impacted your business during the past three years?
How do you deal with highly volatile upstream markets? How have you dealt with the supply chain disruption sparked by the coronavirus outbreak?
Have you been able to take advantage of the recent dips in steel and rubber prices?
In the event that one of your primary upstream suppliers cannot provide needed materials, do you have backup suppliers or a contingency plan? Are your suppliers affected by the pandemic? If so, are you still able to acquire your input materials promptly?
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Key elements for every RFP
What should my RFP include?
Buyers should state their total budget.
If buyers require an ongoing supply contract, buyers should provide their monthly and annual budgets.
Buyers should provide a breakdown of their budget by item, listing individual budgets for specific products being requested.
Buyers should state whether their budget includes additional costs such as shipping costs.
Buyers should assess the immediate availability of the products being requested.
Buyers should consider reviews from previous clients.
The price of the tires being requested should be considered.
Buyers should assess the level of quality from each supplier. Buyers can consult the Quality Control section of this report for further information.
Buyers should provide a list of key dates that pertain to the RFP process, such as the final dates to ask questions and submit bids.
Buyers should provide a list of key milestones that will occur throughout the contract period, such as the date of the first shipment.
If an ongoing supply contract is being provided, buyers should state the frequency of shipments.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for commercial truck tires carries a high level of risk, with upstream suppliers representing the most risk of disruption to market suppliers' operations. The primary inputs in tire manufacturing are natural rubber, synthetic rubber, steel and inorganic chemicals such as carbon black. Because natural rubber is derived... Subscribe to learn more.