Learn about actual and potential costs
How much should I pay for Grinding Media?
What is the average price of Grinding Media?
This procurement report includes pricing information to help you purchase Grinding Media. 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 Grinding Media 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 Grinding Media 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 Grinding Media?
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 Grinding Media 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 ?
Market share concentration in the grinding media market is high. Of the estimated 90 suppliers operating in this market, the top four companies (Moly-Cop, Sidgo Koppers, ME Elecmetal and EVRAZ) account for over 60.0% of the market share. Barriers to entry within this market are high because a large amount... 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?
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?
Has your company ever been at risk of bankruptcy?
How does your company maintain profitability during economic downturns?
How do you adjust to fluctuations in the price of steel?
What investments into new products and plants are you making to grow your company? What will happen if those investments go sour?
Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?
Amidst widespread health concerns, 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?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased/reduced demand?
How often do you experience defects with your products? How often are in-process inspections carried out?
What is the typical inspection process that your product undergoes? What are the measures and procedures that your company uses to ensure product quality?
Where are your critical inputs sourced from geographically? What quality assurance process do you use to ensure high standards from overseas suppliers?
Do you have offer references from other clients that can attest to the quality level of the grinding media that I am ordering?
What are your shipping rates to my facilities? Do shipping rates differ if I need products shipped to multiple locations?
What logistical systems have you put in place to effectively manage outgoing shipments?
Where is your closest manufacturing facility in relation to my location?
What is your typical on-time delivery rate?
Can you ship grinding media internationally?
From where do you source your metal?
Have you recently experienced any disruptions to your supply chain or shortages in input materials? How have you adapted to these circumstances in the past?
How do you control for price shocks in from metal markets?
How do you manage risks associated with procuring metal inputs?
Do clients have a dedicated account manager, or do they call a general support line?
Do you offer 24/7 customer account/technical support?
How do clients contact customer support representatives? What is the typical response time for your representatives?
What is the size of your average client? Where would we fit in? Does size determine how and by whom an account is managed?
What are some major complaints you have received from customers? How did you handle these issues?
How do you evaluate customer satisfaction? Is this information made available to clients?
What is the average life span of the specific grinding medium product?
What sort of preventative measures can I take to ensure this product lasts?
Do you have warranties for these products? If so, what do they cover?
If my grinding media break down, what is the process for handling refunds or defect claims?
“Sending out RFPs used to be a nightmare”
Let’s chat about how procurement market intelligence can reduce
the time you spend issuing RFPs.
Key elements for every RFP
What should my RFP include?
Buyers should include as much information as possible about the total scope of the project. If buyers require a constant supply of grinding media, this should be included as well.
Buyers should include information about the payment schedule (i.e. if it is incremental or done at the completion of the project).
Buyers can consult the Benchmark Price section of this report to determine how much they should pay for abrasives.
Buyers should specify what measures of quality they will be using to select a supplier. For example, these measures can include reputation, credentials of staff, customer service and depth of the technical plan submitted.
Buyers should choose a supplier based on the price estimate given.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should include a deadline for proposal submissions and state when the contract will be awarded.
Buyers should include a timeline of the project, including walkthroughs and delivery.
Buyers should include any other benchmark dates that are relevant to the project.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for grinding media suppliers has a high level of risk. Iron and steel manufacturers contribute high levels of risk to the supply chain because of their reliance on global market trends to determine their product prices. Moreover, industrial equipment and machinery wholesalers also experience moderate risk because... Subscribe to learn more.
LICENSE NOT FOUND OR INVALID