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Procurement Market Intelligence Report

Industrial Signage
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Industrial Signage?

What is the average price of Industrial Signage?

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

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 Signage 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 industrial signage market is low. The top four providers of industrial signage generate less than 30.0% of total market revenue. This market is characterized by high fragmentation and strong competition, with an estimated 1,000 providers offering industrial signage, including manufacturers and distributors. Fragmentation in... 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 Capabilities

How many manufacturing or distribution facilities do you have?

How much experience do you have producing different types of industrial signage?

Do you have the necessary tools and equipment to produce custom signage?

Do you only manufacture industrial signage? If not, what other types of safety tools and equipment do you offer?

Order Specifications

Do I need to purchase signs with reflective sheeting for my operations?

What recommendations do you have for how I install your products in my operations?

Do you offer volume discounts for large orders of signs?

How long will it take for you to manufacture and deliver my order?

Supply Chain Management

What channels do you use to sell and distribute your signs?

What are the delivery processes for shipping your products?

Do you outsource any of your production processes? If so, which ones?

How do you respond to shortages or price fluctuations for your key manufacturing inputs?

How diversified is you upstream supply chain?

Customer Service

Do you advise your customers on best practices for installing your industrial signage products?

What are your processes for dealing with customer complaints?

How can I make changes to my order?

What are your policies regarding orders with missing of damaged products?

Financial Health

Does your company face any risk of bankruptcy?

Would bankruptcy among any of your buying markets adversely affect your operations in a significant way?

How do you maintain your profit margins during economic downturns?

What strategies do you use to increase sales during economic upswings?

Customer Base

What is your retention rate for customers?

Who are your top five customers and how long have they been purchasing your products?

How diversified are your customers? Do you serve buyers from different sectors?

Would any of your current or past customers be willing to provide references on your behalf?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should indicate the total value of the contract for industrial signage.

Buyers should reference the Benchmark Price and Total Cost of Ownership sections of this report to verify that they are receiving competitive prices for their industrial signage purchases.

Buyers should indicate their preferred terms for invoicing and payment.

Buyers should confirm whether additional services, such as design or installation, are included in the price of the order.

Selection Criteria

Buyers should evaluate providers on their ability to meet the product specifications in the RFP.

Buyers should consider the experience of providers during the evaluation process.

Buyers should evaluate providers based on their production speed and location.

Buyers should reference the Buying-Decision Scorecard section in this report for additional selection criteria.

Project Schedule

Buyers should indicate whether the RFP is for an ad hoc purchase or if they are seeking a long-term supply contract.

Buyers should include the date by which proposals must be submitted.

Buyers should specify the date by which the industrial signage will need to be delivered.

Buyers should indicate when providers will be notified about contract awards.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The industrial signage market has had a moderate level of supply chain risk in the three years to 2021. Additionally, supply chain risk for some supplier types within this market is currently elevated due to the coronavirus pandemic. In particular, aluminum is often sourced through the global supply chain, which... Subscribe to learn more.

HIGH

MEDIUM

LOW