Learn about actual and potential costs
How much should I pay for Hearing Protection?
What is the average price of Hearing Protection?
This procurement report includes pricing information to help you purchase Hearing Protection. 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 Hearing Protection 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 Hearing Protection 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 Hearing Protection?
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 Hearing Protection 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 for hearing protection is medium, with the top four players, 3M Company, Honeywell International, MSA Safety and Kimberly-Clark Corporation, accounting for about 45.0% of total market revenue in 2020. The US hearing protection market is made up of roughly 240 manufacturers, 340 wholesalers and over 10,000 retailers.... 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?
What American National Standards Institute standards are your products rated and approved for?
What steps do you take to ensure that your products consistently satisfy OSHA requirements?
If I found a product to be defective, do you offer replacement policies or guarantees?
What if one of my employees was injured because your product failed?
How are customer service inquiries handled?
What is your response time in the event of a product malfunction?
Will there be a dedicated account manager who I can contact if any issues arise?
How do you respond when a client reports about a broken product?
How do I get in touch if there is an issue with our contract?
How does an increase in raw material prices (e.g. petrochemicals, steel and chemical products) affect your business and me as a buyer?
How would you deal with cost changes for manufacturing machinery?
Because prices for some of your inputs have been volatile in the past, do you have a plan for mitigating supply chain risk due to a price fluctuation?
How do you ensure the quality of your primary inputs?
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?
What steps do you take to ensure delivery times are accurate and dependable?
How do you transport the product?
What is your policy on returns?
How does the quantity of my purchase affect delivery price? Can I save on delivery costs by bundling other goods?
What if the product is damaged during delivery?
How long have you been in the business of manufacturing, wholesaling or retailing hearing protection?
Is your firm insured or bonded?
Are you now or have ever been involved in a merger, acquisition or other divestment? How does this impact your business?
May I evaluate your balance sheet?
Do you have any long-term clients I can speak to as professional references? Can you describe their relationship with your company?
What is the average length of a customer relationship for your company? How does that compare to other companies in this business?
How do clients typically review your performance?
How many repeat customers do you have? What is the retention rate for clients?
Additional Product Offerings
Are there any other goods and services you supply that pertain to my business?
What advantages are afforded if I choose to bundle hearing protection with other related products you sell?
Does my price change if I buy from one location versus another?
If I choose to bundle goods, how will my shipping options change?
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Key elements for every RFP
What should my RFP include?
Buyers should either specify their budget for hearing protection or the number of units required.
Buyers should provide information about when payment will occur. For example, buyers should say whether payment is awarded upon finalization of the contract or over a period of time.
Buyers can refer to the Benchmark Price and Total Cost of Ownership sections for help creating a budget.
Buyers should look for vendors that have highly regarded hearing protection in order to ensure the safety of their workers.
Buyers should evaluate vendors based upon the types of hearing protection offered as well as the per-unit and overall pricing.
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 submittals and when the contract will be awarded.
Buyers should include a delivery date for the hearing protection equipment. If buyers want incremental, scheduled deliveries, a full breakdown of the requested time frame should be included.
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 hearing protection presents a moderate degree of risk. Although supply chain risks may affect the price of hearing protection, it is unlikely that they will have a significant influence on the availability of raw materials or components needed for production. The two main materials required in... Subscribe to learn more.