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Procurement Market Intelligence Report

Inventory Accounting Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Inventory Accounting Services?

What is the average price of Inventory Accounting Services?

This procurement report includes pricing information to help you purchase Inventory Accounting 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 Inventory Accounting 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 Inventory Accounting 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 Inventory Accounting 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 Inventory Accounting 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 Inventory Accounting Services?

Among the estimated 5,250 providers of inventory accounting services, the top four operators account for less than 30.0% of market revenue, signaling a low level of concentration. The market is fragmented due to low barriers to entry; the majority of capital investment goes toward the purchase of technology and computer... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Competition & Barriers to Entry

How has competition from software suppliers and in-house options changed your service offerings?

Our company currently manages our own inventory in-house. What are the benefits to using an inventory accounting service? How will you be more accurate than our own employees who conduct inventory counts?

How do you differentiate yourself from other inventory accounting service providers?

What services do you provide that your competitors do not that set you apart?

Pricing

How much have your prices fluctuated in the past three years? How much do you expect your prices to fluctuate in the next three years?

What type of discounts do you offer for customer referrals?

How will pricing change if the size of my inventory gets bigger? If it gets smaller?

What supplemental costs do you charge for your employees traveling onsite?

How do you determine your standard base price model?

What can I do onsite to lower service costs?

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Key elements for every RFP

What should my Inventory Accounting Services RFP include?

Project Budget

Buyers should state budget expectations and which pricing model they wish to use.

Buyers should explain terms of payment and details for the desired contract, including length and exclusivity.

Buyers can consult the Benchmark Price and Total Cost of Ownership sections of this report to estimate what they should be willing to pay for services.

Selection Criteria

Buyers should take into account the service quality they expect from a vendor, particularly as it relates to accuracy, reliability and equipment capability.

Buyers should consider the experience of a vendor as it relates to the number of years in business as well as specific industry experience.

Buyers should assess the size and location of a vendor to determine if they will be able to easily meet a buyer's requirements.

Buyers should evaluate the strength of client references from a vendor to better gauge the expected level of service.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should provide a breakdown of key dates regarding the RFP process, such as the date to submit questions and the final date to submit bids.

Buyers should state when the expected start date will be.

Buyers should provide a timeline of key dates once the project has begun.

Evaluate major factors to mitigate risk

How risky is the Inventory Accounting Services supply chain?

The supply chain for inventory accounting services is characterized by moderate risk. Suppliers primarily rely on computer and software wholesalers, electronic part and equipment wholesalers and leasing firms. The high levels of competition among first-tier suppliers favour inventory accounting firms. Market suppliers are in a better position to negotiate more... Subscribe to learn more.

HIGH

MEDIUM

LOW