Learn about actual and potential costs
How much should I pay for Heavy-Duty OTR Tires?
What is the average price of Heavy-Duty OTR Tires?
This procurement report includes pricing information to help you purchase Heavy-Duty OTR Tires. 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 Heavy-Duty OTR Tires 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 Heavy-Duty OTR Tires 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 Heavy-Duty OTR Tires?
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 Heavy-Duty OTR Tires 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 Heavy-Duty OTR Tires?
Market share concentration in the heavy-duty OTR tires market is high, with the top four suppliers generating about 55.0% of total market revenue. There are roughly 1,200 total suppliers of heavy-duty OTR tires. Tire manufacturing requires high capital investment and specialized knowledge. There is also a high degree of brand... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Do your tires come with a factory warranty? If so, what are the terms and coverage of the warranty?
Do you offer an extended warranty? If so, how much does it cost and what are the terms?
How long does warranty fulfillment take? Does redeeming the warranty require extensive paperwork?
What kinds of circumstances will void the warranty?
Do you perform an inspection on your incoming shipments? How often do you find defective products?
Do your products undergo testing by the manufacturer? If so, what kinds of tests are performed?
Do you seek out the newest technology and highest-quality OTR tires for your inventory?
Have you had any product recalls? How do you deal with recalls?
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Key elements for every RFP
What should my Heavy-Duty OTR Tires RFP include?
Buyers should state their total budget.
If buyers require an ongoing supply contract, buyers should provide their monthly and annual budget.
Buyers should provide a breakdown of their budget by item, listing individual budgets for specific products being requested.
Buyers should state whether their budget includes additional costs such as shipping costs.
Buyers should assess the immediate availability of the products being requested.
Buyers should consider reviews from previous clients.
The price of the tires being requested should be considered.
Buyers should assess the level of quality from each supplier. Buyers can consult the Quality Control section of this report for further information.
Buyers should provide a list of key dates that pertain to the RFP process, such as the final dates to ask questions and submit bids.
Buyers should provide a list of key milestones that will occur throughout the contract period, such as the date of the first shipment.
If an ongoing supply contract is being provided, buyers should state the frequency of shipments.
Evaluate major factors to mitigate risk
How risky is the Heavy-Duty OTR Tires supply chain?
High risk in the heavy-duty OTR tire supply chain mainly stems from the market’s dependence on raw materials such as natural rubber, steel and petroleum. Furthermore, key buying industries tend to be highly cyclical and unstable, resulting in fluctuating demand for OTR tires. These risk factors can cause price spikes... Subscribe to learn more.
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