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Procurement Market Intelligence Report

Fire Blankets
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Fire Blankets?

What is the average price of Fire Blankets?

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

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 Fire Blankets 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 fire blanket market has a low level of market share concentration, with no single supplier controlling more than 5.0% of market revenue. Market share concentration has been generally stable during the past three years and will continue to be stable in the three years to 2022. Merger and acquisition... 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?

Regulation

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?

Quality Control

Can you describe your testing procedures? Do you test your products on multiple types of fires?

How often do you test the quality of your products? Is it based upon the volume produced or by a specific schedule?

Do you review for systemic production issues? How often do you check for such issues?

What sort of training do your employees receive? How often is training refreshed?

Production Infrastructure

What kind of order do you typically handle? What is your maximum output?

What is the largest order you typically process? How often can an order of that size be placed?

Do you typically deal with companies of my size? Do you have references from those companies?

How often do you perform production machine maintenance? How does this maximize performance?

Customer Service

What are the methods to contact you? Which method is the most effective?

Will there be a direct contact for my company?

Are there certain communication channels for specific issues? What about order adjustments?

How do you track overall customer service issues?

Transportation Infrastructure

How many of your facilities distribute products?

Which of your locations will be supplying my company? Do you offer discounts for shorter transit distances?

How do you minimize transportation risks and costs?

How often do you check for transportation efficiency? How often is this updated?

Cost Control

How will you adjust to fluctuating textile prices?

How do you minimize labor costs? What about administrative costs?

Do you source from multiple suppliers or a single supplier? How does this reduce your costs?

What methods do you use to check for operational efficiency and how often?

Product Specifics

What type of fire retardant do your products use? How does this increase the effectiveness of the fire blanket?

What kind of materials do you use for your products? How is this more effective or efficient than other types of materials?

What is the level of thickness for each of your products?

How do you tailor your products to deal with specific types of fires? Is this reflected in the quality of materials you use?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should submit a maximum budget for their order for fire blankets.

Buyers should break down the contract value by price per blanket to easily compare proposals.

Buyers should include delivery fees and any other total ownership costs that may be incurred. For help creating a total budget, buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report.

Selection Criteria

Buyers should select a vendor that meets the minimum proposed specifications while staying under the prospective budget.

Buyers should select a vendor with a strong financial performance history to ensure they will remain operating throughout the duration of the contract.

Buyers should select a vendor that offers strong customer service.

Buyers should include a list of factors they will use to evaluate vendor submissions. For help creating a selection criteria, buyers can reference the Buying-Decision Scorecard sections of this report.

Project Schedule

Buyers should include a schedule of relevant dates in the RFP process, including deadlines for proposal submissions and inquiries.

Buyers should specify when final bid awards will be announced.

If making recurring purchases, buyers should specify the frequency of these purchases.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Supply chain risks are moderate in the fire blanket market, which slightly curbs buyer power. Although these risks are unlikely to affect the supply of the blankets' main components or raw materials, they could impact the price the buyer will ultimately pay. Fortunately, due to high competition in the market,... Subscribe to learn more.

HIGH

MEDIUM

LOW