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Procurement Market Intelligence Report

Inspection Cameras
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Inspection Cameras?

What is the average price of Inspection Cameras?

This procurement report includes pricing information to help you purchase Inspection Cameras. 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 Inspection Cameras 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 Inspection Cameras 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 Inspection Cameras?

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 Inspection Cameras 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 Inspection Cameras?

ProcurementIQ estimates that there are 300 inspection camera suppliers in the market. Market share concentration is low, with the top four suppliers accounting for less than 30.0% of total market revenue in 2019. Low market share concentration is the result of a highly competitive market among manufacturers and distributors. Low... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Competition

How long have you provided products to your longest tenured client?

What factors set you apart from your competitors?

What products or services do you offer that your competitors do not?

What do you do to remain competitive in the market?

What proprietary processes do you use that set you apart from competitors?

Vendor Financial Risk

What percent of revenue do your five largest clients make up? If you were to lose one of your largest clients, how would this impact your business?

Have you ever been at risk of bankruptcy?

During an economic downturn, how does your company stay profitable?

How are other divisions within your company performing?

What new investments have you made for your company's future?

Supply Chain Risk

What percent of revenue has been dedicated to input material costs and labor costs in the past three years? How do you forecast that will change in the next three years?

As input costs rise, how much of the cost do you absorb, and how much is passed onto the buyer in the form of higher prices?

When input costs rise, are you able to source materials from a different supplier? If so, who else may you source materials from?

How does sourcing from a single or multiple suppliers impact costs?

How do you manage supply disruptions from a raw material shortage?

Globalization

How has import penetration impacted your operations?

What incentives do you offer that an imported product would not have?

What sets your products and your company apart from imported products and foreign countries?

Where do you source your raw materials from? If you source raw materials from foreign suppliers, how do economic, political and weather conditions in the foreign countries impact your ability to source the materials?

In what countries are the majority of your suppliers located? Your buyers?

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Key elements for every RFP

What should my Inspection Cameras RFP include?

Project Budget

Buyers should include a cost proposal for their inspection cameras order.

Buyers should break down their budget by cost per unit and list out a budget for warranty, repair, maintenance and delivery costs.

For help creating a total cost proposal, buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report.

Selection Criteria

Buyers should select a vendor that meets the minimum technical specifications while staying under the budget presented in the RFP.

Buyers should select a vendor that has a track record of reliability evidenced in their client references.

Buyers should select a vendor with strong financial health so they can be sure the vendor will remain operating throughout the duration of the contract.

Buyers should provide clear criteria consisting of key quality, pricing and other factors to evaluate vendor submissions. For help creating selection criteria, buyers can reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should list out all relevant deadlines in the RFP process.

Buyers should list ranges of dates for delivery.

Buyers should include deadlines for delivery, repair and maintenance services.

If making recurring orders, buyers should list the frequency of those purchases.

Evaluate major factors to mitigate risk

How risky is the Inspection Cameras supply chain?

The supply chain for inspection cameras presents a moderate level of risk to buyers. First tier steel and plastic suppliers present the highest levels of risk because the production of such raw materials depends heavily on favorable economic, political and even weather conditions in the sourcing country. Steel prices have... Subscribe to learn more.

HIGH

MEDIUM

LOW