Learn about actual and potential costs
How much should I pay for Injection Molding Services?
What is the average price of Injection Molding Services?
This procurement report includes pricing information to help you purchase Injection Molding Services. 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 Services 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 Services 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 Services?
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 Services 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 ?
An estimated 2,200 suppliers, including manufacturing service providers and machine shops, provide injection molding services to the domestic market. Market share concentration is low and has remained stable during the three years to 2020, with the top four suppliers, IAC Group, Berry Global Group Inc., SRG Global Inc. and Flex... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Do you offer prototyping services? What other value-added services do you provide?
Do you offer discounts for bundled services? If so, what are the terms?
What other services do you provide in-house that you think may be of use to me specifically?
Do you offer a competitive discount if I switch from another provider to your company? If not, could you match the previous quality and pricing terms?
Is your pricing competitive, even compared with offshore suppliers?
How do you maintain a competitive edge?
Have you completed any acquisitions during the past three years? If so, how did this expansion affect your business model?
What incentives do you offer long-term clients to stay with your company?
What is your client turnover rate? How long do your contracts last, on average?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased or reduced demand?
Is your company a landfill-free facility?
Do you have third-party certifications beyond what is required by regulation?
Do you conduct or receive inspections beyond what is required by government authorities?
Do you have documentation showing the checks and inspections you have received?
Do you offer factory tours?
What type of reuse or recycling practices do you have in place? How do you minimize the production of waste?
Can I review audited financial statements to determine your company's financial health?
How diversified is your client base? Which industries drive the most business for your firm?
Does your firm face capacity pressure? Will you be able to accommodate larger-than-anticipated orders in any given month?
How do you adjust your operations in times of high demand and low demand? How do you mitigate demand volatility?
Amid 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?
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Key elements for every RFP
What should my RFP include?
Buyers should include as much information about the total scope of the project as possible.
Buyers should include information about the payment schedule (i.e. if it is incremental or done at the completion of the project).
Buyers can consult the Benchmark Price section of this report to determine about how much they should pay for these services.
Buyers should specify what measures of quality they will be using to select a supplier. For example, these measures can be prototype quality, reputation, credentials of staff, customer service and depth of the technical plan submitted.
Buyers should also choose a supplier based on the price estimate given.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should include a deadline for proposal submittals and when the contract will be awarded.
Buyers should include a timeline of the project, including any design stages and walkthroughs.
Buyers should include any other benchmark dates that are relevant to the project.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk within the injection molding service market is high. Key inputs include industrial machinery and equipment, plastic materials and resin and other metalworking machinery. Generally, there is a low risk of disruptions in the supply of these inputs. However, fluctuating demand for key commodities, such as steel and... Subscribe to learn more.