Learn about actual and potential costs
How much should I pay for Injection Molding Machines?
What is the average price of Injection Molding Machines?
This procurement report includes pricing information to help you purchase Injection Molding Machines. 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 Injection Molding Machines 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 Injection Molding Machines 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 Injection Molding Machines?
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 Injection Molding Machines 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 among injection molding machine suppliers is high and has been increasing in the three years to 2020. ProcurementIQ estimates that there are about 420 suppliers operating in the United States, most of which are small to midsize wholesalers. However, manufacturers dominate the market's total revenue, with the... 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?
How long have you been active in the injection molding machines field? How long have you served operators in my industry?
Could you provide key personnel backgrounds and experience?
What is your repeat business rate for businesses in my industry? How does that compare to your overall rates?
Why did the last two clients you lost cancel their contracts with you? Who are they using now?
Can you help design and build customized injection molding machines?
How do you win and retain business?
How long have you provided this product to your most-tenured client?
What is your reputation like among customers? How have you developed it?
How is this product better than your competitors'?
What proprietary inputs and processes do you use that differentiate you from competitors?
Are you experiencing fluctuations in demand as a result of the coronavirus pandemic? What measures are you taking to handle increased or reduced demand?
How often do you experience defects with your products? To what degree are in-process inspections and process controls carried out?
What types of technical issues have you experienced with this product?
How do you ensure your product's quality? What performance-monitoring systems are in place at your company?
How many employees do you have in production roles and how many in quality control roles?
Do you have an established quality control department? If so, how many staff members and what kinds of systems? If not, what systems do you use to ensure product quality?
Supply Chain Risk
How do you manage risk in your supply chain?
How many suppliers do you source from?
Where are your input suppliers located?
Have you ever experienced a price spike from one or more of your suppliers? How did you cope with the spike?
What are the criteria for picking the manufacturers and suppliers you partner with? How do their changes impact my price?
Do you source materials with a high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
What are the terms and conditions of the warranty? Does the warranty require paperwork?
What is your procedure for handling defect and loss claims? Will I have the right to appoint my own representative to investigate a loss?
Are there any instances or circumstances that will void the warranty that I should be aware of?
How long does the warranty last?
Can I purchase an extended warranty?
Amid the widespread health concerns, what contingency plans are in place to mitigate the risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
If I am located in a different region, do you anticipate any difficulties in delivering the product(s)?
What are your shipping rates to my facilities? Do shipping rates vary if I need products shipped to more than one location?
What logistical systems do you have in place to manage outgoing shipments?
How do you ensure timely and accurate shipping?
Do you have low inventory or supply issues with any of the goods we are ordering? How will this affect shipping times?
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Key elements for every RFP
What should my RFP include?
Buyers should disclose their estimated budget for injection molding machine purchases.
Buyers should identify their preferred payment method and schedule.
Buyers should reference the Benchmark Price section of this report for additional pricing information.
Buyers should assess vendors on their ability to provide extensive customer service and support.
Buyers should evaluate suppliers on their breadth of injection molding machine offerings.
Buyers should prefer vendors that are able to offer competitive prices.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard of this report.
Buyers should specify the date and time that completed proposals must be submitted for consideration.
Buyers should indicate when award information will be communicated to prospective suppliers.
Buyers should list any additional key benchmark dates, such as the final date for submitting queries and contract start date.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk is moderate in the injection molding machine market. Although supply chain risk is unlikely to have an effect on the supply of injection molding machine components or upstream raw materials, it may impact the prices buyers ultimately pay for the machines. Gasoline and petroleum wholesalers pose the... Subscribe to learn more.