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Procurement Market Intelligence Report

Metal Boring Machines
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Metal Boring Machines?

What is the average price of Metal Boring Machines?

This procurement report includes pricing information to help you purchase Metal Boring 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 Metal Boring 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 Metal Boring 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 Metal Boring 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 Metal Boring 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 ?

According to ProcurementIQ estimates, there are 492 suppliers of metal boring machines in the US market. Because the top four suppliers collectively account for less than 30.0% of total revenue, the market share concentration is considered low. The largest suppliers are Kennametal Inc., Hardinge Inc., Haas Automation Inc. and Ellison... 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?

Regulation

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?

Specifications

What manufacturing specifications do you follow to produce your metalworking machines?

What have you done to improve the reliability and precision of your equipment in the past few years?

What are the most common issues that result in your machines breaking down?

What customization options (if any) are available for your metal boring machines?

Quality

What performance-monitoring systems are in place at your company?

What steps do you take to ensure consistent quality?

On average, how many faulty metal boring machines does your company manufacture annually?

How does your product quality differ from that of your competitors? What sets your product line apart?

Is your company ISO registered?

Are you experiencing fluctuations in demand as a result of the coronavirus pandemic? What measures are you taking to manage these fluctuations in demand?

Service & Maintenance

What customer assistance channels are available?

What is the average cost of maintenance?

What preventive measures should I take to avoid costly repairs?

What is the warranty on the equipment and its parts? What is the cost for an extended warranty or insurance?

If I am located further away from your facilities, will there be difficulties in delivering and servicing the machinery? What is the typical turnaround time for repairs and services based on the distance from the buyer?

Industry Experience

What percentage of your business stems from buyers in my industry?

How are your machines enhanced to suit operators in my industry?

Will my machine have a broad resale market that includes other industries?

What products that I am currently making through other methods could be enhanced by using your metal boring machine?

Input Costs

How have fluctuations in the prices of inputs, such as steel, affected the prices of your machines in the past three years?

How do you mitigate sudden price increases in raw materials?

How diversified is your supplier base for inputs? When input costs rise, are you able to source your inputs from a different supplier to get lower pricing?

Have you experienced any supply disruptions resulting from raw material shortages? How did you manage the situation?

Imports

How has your market share evolved in the past few years in the light of imports? What measures are you taking to maintain your market share?

How diversified is your product portfolio?

How do your machines compare to the imported alternatives?

Amid widespread health concerns from the pandemic, what measures are in place to reduce the risk to your clients and employees? Do you offer clients any flexible exceptions, like contract suspensions?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should include the cost constraints for transporting the metal boring machine(s) and related equipment to their location.

Buyers should outline a desired budget so that vendors can provide necessary pricing information.

Buyers should define a payment schedule.

Buyers should state how often pricing can be adjusted.

Selection Criteria

Buyers should evaluate suppliers on whether they price competitively and provide an all-inclusive product warranty.

Buyers should give priority to suppliers that are flexible with contract terms and conditions.

Buyers should request references from current and former clients.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should disclose the RFP's issue date.

Buyers should disclose the due date for any questions or clarifications from suppliers.

Buyers should disclose when they will answer any questions or clarifications.

Buyers should disclose the date of the award announcement.

Buyers should list the expected delivery date of the boring machine(s) and related equipment.

Evaluate major factors to mitigate risk

How risky is the supply chain?

There is a moderate level of supply chain risk in the metal boring machines market due to wide fluctuations in input costs. Most of the risk in the metal boring machines supply chain comes from metal wholesalers and iron and steel manufacturers. These upstream suppliers require metals as key inputs... Subscribe to learn more.

HIGH

MEDIUM

LOW