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Procurement Market Intelligence Report

Flashlights
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Flashlights?

What is the average price of Flashlights?

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

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 Flashlights 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 companies in this market account for about 45.0% of total sales, indicating a moderate level of market share concentration for flashlights. ProcurementIQ estimates there are 2,900 suppliers operating in the United States, the majority of which are industrial suppliers and retailers selling flashlights as part of a... 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?

Reliability

How do you quality test your flashlights? What type of guarantee do you have on your flashlights? How do they get voided?

How accurate are your estimates of battery life?

What is the maximum deviation you noticed from product to product? How often do those deviations occur?

For what applications are your flashlights mostly used?

Supply

Have you ever needed to recall a product? Why?

Where do you source your raw materials? Are they sourced in areas affeced by the coronavirus outbreak?

What percentage of your flashlight parts do you make yourself? From where are the remainder mostly imported? Do you anticipate any delays in the delivery of these products as a result of the COVID-19 pandemic?

What are the most common supply issues you run into? How do you hedge against them?

Can your flashlights be fixed manually? Do you provide replacement parts with the flashlight? Can I order replacement parts?

Competition

Which companies are your main competitors? Where are your strengths compared with them?

With the availability of different flashlights from so many different sources, how do you differentiate your product?

Has your market share been increasing during the past three years?

In what segments are you trying to improve market share in?

How often do you improve your products?

Related Goods

Do you offer discounts when purchasing related goods?

Do you provide flashlight related goods such as cones for traffic wands, holsters or different colored lenses?

What related goods do you recommend and why?

Are related goods also subject to warranties?

Are related goods from some third parties better than others? If so, which ones do you recommend?

Vendor Financials

Have your sales been growing or decreasing during the past three years?

How has the COVID-19 outbreak affected your sales? What are your strategies in handling demand shifts?

What measures do you implement to control costs and remain competitive with low priced products?

Do you invest significantly in production capacity and efficiency every year?

Where are you trying to expand sales?

Customer Service

Do clients have a dedicated account manager, or do they call a general support line?

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

Do you have response-time benchmarks for following up with/problem solving for a client?

What is your process for dealing with customer problems and complaints? Do you have an escalation process?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify what the contract amount will be.

Buyers should clarify the terms of payment and length of contract.

Buyers can reference the Benchmark Price and Total Cost of Ownership sections of the report to get a better understand of the necessary budget.

Selection Criteria

Buyers should choose a vendor that can offer competitive pricing for the full length of the contract.

Buyers should choose a vendor that can meet the necessary quality standards, particularly for brightness and durability.

Buyers should request samples from several of their top candidates before awarding the bid.

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

Project Schedule

Buyers should outline the timeline for RFP.

Buyers must include important dates, such as when proposals are due, when award will be announced and when flashlights need to be delivered by.

Buyers should include any other benchmark dates the vendors need to be aware of.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The flashlight market has a low level of supply chain risk. Aluminum, which is used in most high-quality flashlights, can cause supply chain disruptions due to the volatility of its global demand, sparked by import tariffs imposed by the US government. Additionally, buyers should note that aluminum may be more... Subscribe to learn more.

HIGH

MEDIUM

LOW