Learn about actual and potential costs
How much should I pay for General Warehousing & Storage?
What is the average price of General Warehousing & Storage?
This procurement report includes pricing information to help you purchase General Warehousing & Storage. 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 General Warehousing & Storage 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 General Warehousing & Storage 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 General Warehousing & Storage?
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 General Warehousing & Storage 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 market for general warehousing and storage services contains an estimated 5,000 operators in 2020. Within the market, the top four vendors account for less than 30.0% of the total market revenue, indicating low market share concentration. Low market share concentration is largely due to the highly fragmented nature of... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How are your employees trained to handle clients’ goods?
What is the minimum level of experience allowed for an employee to operate a forklift?
On average, how frequently are a client’s goods moved around?
What are the repercussions for employees that damage goods?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased/reduced demand and ensure products are sotred and retrieved in a timely manner?
In the case of accidental damage, up to what value are you insured for?
In the case of accidental damage, what is the process to provide compensation for the buyer?
What is the average payout in accidental damage compensation per year?
Has there ever been an instance where the client did not receive full monetary compensation for damaged goods? What were the circumstances?
What additional services do you provide to clients? What are the rates for said services?
Can you provide reduced storage fees if additional services were to be purchased?
Do you have separate staff trained specifically for your additional services or do the warehouse employees perform all the services?
Which services have you been performing the longest? Which have you been performing the shortest?
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Key elements for every RFP
What should my RFP include?
Buyers should state their annual budget approved for these services.
Buyers should state how additional costs will be handled if they exceed the budget.
If any additional services are to be rendered, such as fulfillment services or material handling services, buyers should provide a breakdown of their budget for each service.
Buyers should assess the supplier's experience handling products that are similar to the buyer's.
Buyers should look at the supplier's past experience in handling product volumes equivalent to the buyer's, looking at efficiency and accidental damage rates.
Buyers should consider the price of services from each supplier.
Buyers should provide a timeline stating the key dates that pertain to the RFP process, including the date to submit questions and the final date to submit bids.
Buyers should provide a schedule, if known, of when products will be put into storage and taken out.
Buyers should provide a timeline of key milestone dates that will occur throughout the length of the contract, such as the date initial products will be put into warehousing and the dates that contracts will be renegotiated and renewed.
Evaluate major factors to mitigate risk
How risky is the supply chain?
On average, the supply chain associated with general warehousing and storage is considered to have a low level of risk. General warehousing and storage providers require few major inputs to operate efficiently. However, there is a moderate risk that stems from commercial leasing firms because changes in suppliers' rent costs... Subscribe to learn more.