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Procurement Market Intelligence Report
Electric AC Motors
Sourcing Guide & Market Trends
Comprehensive intelligence for making smart purchasing decisions
Learn about actual and potential costs
How much should I pay for Electric AC Motors?
What is the average price of Electric AC Motors?
This procurement report includes pricing information to help you purchase Electric AC Motors. 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 Electric AC Motors 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 Electric AC Motors 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 Electric AC Motors?
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 Electric AC Motors 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 ?
There are an estimated 1,090 companies that sell AC motors and other related goods in the United States. Market share concentration among electric AC motor suppliers is low, with the top four vendors generating just under 30.0% of market revenue. Low market share concentration stems largely from the highly standardized... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Production Capabilities
What sort of manufacturing capabilities do you possess? How about your storage capabilities?
How often do you perform maintenance on machinery? How does this affect optimal production performance?
How much time would you need to manufacture the required AC motors?
What type of AC motor do you predominantly manufacture?
Quality Control
What is the expected lifespan of the motor?
What procedures do you have in place to check quality?
Do you require computerized or manual systems to check for quality? How does this enhance quality control?
What is the protocol for damaged or defective motors? How soon can I expect replacements?
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Key elements for every RFP
What should my RFP include?
Project Budget
Buyers should explicitly state the amount for the award
Buyers should explain the schedule with which payments will be made
For assistance in ascertaining a reasonable price and price range for electric AC motors, buyers can consult the Benchmark Price section of this report
Selection Criteria
Buyers should look for suppliers that have been in business for a long time and have direct experience providing the kind of AC motors they are seeking
Buyers should ask for a list of references from current and former customers
Buyers should give preference to local suppliers because it will cut down costs related to transportation, and using a local supplier will simplify communication
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report
Project Schedule
Buyers should communicate to prospective suppliers when award information results will be provided
Buyers need to provide due dates for any ongoing maintenance work
Buyers should provide general expectations with regard to response time and customer service
Buyers should list the expected start and finish dates once a prospective supplier is chosen
Evaluate major factors to mitigate risk
How risky is the supply chain?
Suppliers have faced a range of issues during the three years to 2020 that have impacted their degree of supply chain risk, and which have ultimately negatively affected buyers. For example, broad tariffs placed on imported vital metal inputs, including steel, aluminum and copper, have increased suppliers' production costs, thereby... Subscribe to learn more.