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Procurement Market Intelligence Report

Greases Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Greases?

What is the average price of Greases?

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

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 Greases 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 Greases?

Market share concentration among grease suppliers is moderate, with the top four suppliers accounting for roughly 45.0% of total vendor revenue in 2019. This moderate concentration is a reflection of the market’s mix of multinational suppliers that have vertically integrated operations and midsize vendors serving local, regional and national markets.... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Competition

How is your product different from the products of your competitors?

How significant are capital-related expenses?

How significant are labor expenses?

How much of your annual revenue do you invest in R&D?

Has your market share increased or decreased over the past several years?

Customer Service & Incentives

How do you win and retain business?

What kinds of incentives do you offer for long-term customers?

Do you offer any incentives for customers that refer business to your company?

Are there any promotional deals going on for first-time customers?

Who is the point of contact for any service or product related issues?

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Key elements for every RFP

What should my Greases RFP include?

Project Budget

Buyers should provide a total dollar amount for the contract.

Buyers should clearly state what unit they want price quotes presented in.

Buyers should set expectations regarding shipping and handling costs.

Selection Criteria

Buyers should prioritize suppliers that can provide competitive prices.

Buyers should prioritize suppliers that have a proven record of performing in this market.

Buyers should prioritize suppliers that have received strong reviews from references.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers must provide a due date for responses.

Buyers must provide a due date for any questions or requests for clarification.

Buyers should provide a date for when they will announce the contract award.

Evaluate major factors to mitigate risk

How risky is the Greases supply chain?

There is a moderate degree of supply chain risk for greases. Moderate supply chain risk curbs buyer power because it indicates there is a slight risk of manufacturers’ supply chain leading to supply disruptions or price spikes. Fortunately for buyers, supply chain risk is the result of upstream suppliers causing... Subscribe to learn more.

HIGH

MEDIUM

LOW