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Procurement Market Intelligence Report

Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Compressors?

What is the average price of Compressors?

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

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 Compressors 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 top four vendors in the compressor market command less than 20.0% of revenue, indicating a low level of market share concentration. ProcurementIQ estimates that there are just under 3,300 suppliers operating in the market. Low market share concentration increases buyer negotiation power by enabling them to shop around for... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Quality Control

Does your company have quality control measures in place to ensure uniformity across product lines?

How does your company implement and monitor its quality control systems?

How often does your company assess the quality of the products produced?

How often does your company assess its quality and level of customer service?

Revenue Diversity

What proportion of your revenue is derived from the manufacturing sector? What proportion of your revenue is derived from the utility and mining sectors?

How have your customers fared in the past three years?

How will your company be affected by growing competition from low-cost imports?

How do you deal with fluctuations in demand for compressors?

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

Workforce Management

How quickly can you expand or contract your workforce to keep pace with demand?

How dependent are your operations on labor?

Detail an instance when you expanded or contracted your workforce in line with demand. How can you improve this process in the future?

Have you automated any processes within the past three years? If so, what effect did that have on your workforce?

Amid widespread health concerns, what contingency plans are in place to mitigate risk to your employees? Have you had to cease operating for any period of time in order to control an outbreak or comply with local orders?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should suggest terms of payment and preferred contract length.

Buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report to get a better understanding for how much they should pay for compressors.

Selection Criteria

Buyers should consider the experience of the supplier in terms of both length of operations and previous industries serviced.

Buyers should assess the process that a supplier undertakes for quality control of their products.

Buyers should ensure that the supplier's products will be able to meet all required specifications.

Buyers should take a supplier's location into account for the purpose of transportation costs and potential maintenance.

Project Schedule

Buyers should relay all important dates in the RFP timeline, such as when proposals are due, when interviews will take place and when bid awards will be announced.

Buyers should provide the RFP schedule and expected timeline for product delivery.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The level of risk across the supply chain for compressors is high. First-tier suppliers, which include iron and steel manufacturers, nonferrous metal foundry product manufacturers and industrial supply wholesalers, introduce a medium-to-high levels of risk to the supply chain. These suppliers have limited negotiation power when sourcing their key inputs,... Subscribe to learn more.