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Procurement Market Intelligence Report

Cooking & Warming Equipment
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Cooking & Warming Equipment?

What is the average price of Cooking & Warming Equipment?

This procurement report includes pricing information to help you purchase Cooking & Warming Equipment. 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 Cooking & Warming Equipment 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 Cooking & Warming Equipment 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 Cooking & Warming Equipment?

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 Cooking & Warming Equipment 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 among suppliers of cooking and warming equipment is medium, with the top four vendors (TriMarkUSA, Edward Don & Company, Boelter Companies and Welbit Inc.) generating between 30.0% and 50.0% of market revenue. As of 2020, there are about 1,600 suppliers that sell cooking and warming equipment. During... 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?


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?


What industry do you most commonly supply these products for?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Could you provide a list of client references, along with contact information?

Why did the last two clients you lost cancel their contracts with you? Who are they using now?

How has the COVID-19 pandemic affected your business?


How do you win and retain business?

How long have you provided this product to your longest client?

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

How do your product offerings differ from your competitors'? Do you sell multiple brands or provide expert installations?


How often do you experience defects with your products? To what degree are in-process inspections and process controls carried out?

What types of technical issues have you experienced with this product?

How do you ensure your product's quality?

What standards do you use to measure the reliability and quality of your products?

What performance-monitoring systems are in place at your company?

What is the average life span of this product?

Have you ever delivered a product that did not meet the quality standards of the buyer? If so, how did you rectify the situation?

Have production quality been negatively affected by the pandemic, if so, how?

Supply Chain Risk

How do input price fluctuations affect buyers?

How do increases in the price of steel and aluminum affect your pricing?

Do you have contracts with multiple raw material suppliers or manufacturers?

What are the criteria for picking manufacturers and suppliers you partner with? How do their changes impact my price?

Have any of your upstream suppliers been impacted by production slowdowns during the global health crisis? What steps has your company taken to mitigate these effects on your customers?


What type of damage do your warranties cover?

What are the terms and conditions of the warranty? Does the warranty require paperwork?

What is your procedure for handling defect and loss claims? Will I have the right to appoint my own representative to investigate a loss?

Are there any instances or circumstances that will void the warranty that I should be aware of?

What is your typical warranty period?

Can I purchase an extended warranty?

Are you honoring expired warranties during the pandemic?


If I am located in a different region, do you anticipate any difficulties in delivering the product(s)?

What are your shipping rates to my facilities? Do shipping rates vary if I need products 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 goods we are ordering? How will this affect shipping times?

Are you experiencing longer lead times or delivery times during the pandemic?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should explicitly state the amount of the contract award.

Buyers should explain when and how many payments will be made.

Buyers can consult the Benchmark Price section of this report to determine about how much they should pay for each unit.

Selection Criteria

Buyers should evaluate the experience of the supplier.

Buyers should make sure the provider offers the appropriate types of cooking and warming equipment with the appropriate dimensions and durability.

Buyers should evaluate suppliers based on the estimated costs of the units they are offering.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers need to include the date proposals are due and when award information will be available.

Buyers should include any other benchmark dates relevant to the project that suppliers will need to be aware of.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The risk of input price shocks due to supply chain problems is moderate in the cooking and warming equipment market. The market's second tier suppliers present a high level of risk to the supply chain due to high volatility in the world price of iron ore and the price of... Subscribe to learn more.