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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?

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 2020. 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.