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Procurement Market Intelligence Report

Industrial Freezers
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Industrial Freezers?

What is the average price of Industrial Freezers?

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

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 Industrial Freezers 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 ?

ProcurementIQ estimates that there are about 1,170 suppliers in the market, and the top four firms account for less than 30.0% of total revenue, indicating low market share concentration. Market share concentration has been slowly rising because it is becoming more common for buyers to bypass wholesalers and purchase industrial... 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?

Regulation

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?

Supplier Size & Scope

How large is your inventory of industrial freezers in terms of brands, models and total units?

How easily can you restock your inventory?

Which industrial freezers sell best for you and why?

Which industries do your customers operate in?

Can you recommend a brand or model that will fit my needs?

Personnel

Who will my point-of-contact person be at your company, and what is their position?

Will my account be managed by a single employee, or will I work with various employees depending on my needs?

What regular training does your sales team receive, and how does it stay current on developments in the cold storage industry?

What licenses do employees that perform maintenance and repairs hold?

Supply Chain

Do you have long-term purchasing arrangements with suppliers that provide inputs with volatile prices (e.g. steel)?

How do you minimize risk in your supply chain?

How do you select your suppliers of material inputs?

How does your sourcing strategy give you an advantage over your competitors and improve the quality of your products?

Life Span & Durability

What is the expected life span for the unit my company is considering?

How do you measure and test for quality in the units you sell?

How do the materials you use and the quality of your craftsmanship make your products stand out from competitors?

Do you resell used freezers? Is there significant demand for your used freezers? What is the typical price of a used product?

Regulatory Compliance

How do you stay current on regulatory requirements?

How have recent regulatory changes affected the safety, quality and energy efficiency of your products?

How have your operations changed in the aftermath of the HCFCs and CFCs ban?

What types of refrigerant do you use, and how do they improve the performance of your units compared to those made by competitors?

Warranty & Repair

What is the length of your warranty?

Can the warranty be extended? If so, what are the costs for this?

Does your warranty cover both parts and labor?

What documentation must be provided to make a repair under warranty?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should state the budget of the contract.

Buyers should propose the payment terms, including dates and installments where necessary.

Buyers should consult the Benchmark Price section of this report to determine the average price of industrial freezers in the market.

Selection Criteria

Buyers should take into account the expected life span of the industrial freezers.

Buyers should consider the energy efficiency of the industrial freezers.

Buyers should evaluate the experience of the vendor and its overall reputation in the market.

Buyers should consider whether installers are direct hires or contracted labor.

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

Project Schedule

Buyers need to include the date when proposals are due, when award information will be available and when delivery dates should be.

Buyers should include a timeline of date milestones, particularly if it is a complex project with multiple pieces of equipment and more than one location.

Buyers should provide general expectations with regards to response time and customer service.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain for industrial freezers presents a moderate level of risk to suppliers. Raw materials such as steel present a high degree of risk to the supply chain because suppliers depend on these raw materials to produce industrial freezers. From 2016 to 2019, steel prices have exhibited a high... Subscribe to learn more.

HIGH

MEDIUM

LOW