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Procurement Market Intelligence Report

Commodity Price Forecasting Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Commodity Price Forecasting Services?

What is the average price of Commodity Price Forecasting Services?

This procurement report includes pricing information to help you purchase Commodity Price Forecasting Services. 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 Commodity Price Forecasting Services 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 Commodity Price Forecasting Services 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 Commodity Price Forecasting Services?

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 Commodity Price Forecasting Services 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 Commodity Price Forecasting Services?

The commodity price forecasting market has a low level of concentration, with the top four vendors accounting for less than 20.0% of the market. In total, about 320 vendors operate in the market, and market share concentration has remained stable during the past three years. However, occasional consolidation does occur,... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Key Relationships

From which organizations or publications do you source your data?

Which industry associations or operators do you talk to in order to research commodity markets?

Do you have information-sharing relationships with any other companies?

What information or data do you purchase?

Customer Support

How do you evaluate customer satisfaction, and how frequently do you do so? Is this made available to clients?

If you encounter issues or your client is not satisfied, what steps do you take to address the issue?

Do you offer 24/7 customer account and technical support services?

Do you have online auto-renewals? Can I manage my account online?

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Key elements for every RFP

What should my Commodity Price Forecasting Services RFP include?

Project Budget

Buyers should request detailed cost breakdowns for each forecast.

Buyers should explain the schedule with which payments will be made.

Buyers can consult the Benchmark Price section of this report for assistance in benchmarking the desired budget.

Selection Criteria

Buyers should evaluate suppliers based on the vendor's forecast methodology, personnel qualifications and past work experience.

Buyers should evaluate suppliers based on cost.

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

Project Schedule

Buyers should outline when proposals must be submitted and when bid awards will be posted.

Buyers should include any other relevant dates (e.g. presentations or final interviews) prior to the contract award.

Buyers should specify when they wish to begin receiving forecasts and how often.

Buyers should outline the length of the contract.

Evaluate major factors to mitigate risk

How risky is the Commodity Price Forecasting Services supply chain?

Supply chain risk in the commodity price forecasting services market is low. The production of commodity price forecast reports is a labor-intensive process, so providers spend a large portion of revenue on wages. Wage trends have historically been stable and are not at risk of significant spikes. There is also... Subscribe to learn more.

HIGH

MEDIUM

LOW