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Procurement Market Intelligence Report

Metal Casting Services Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Metal Casting Services?

What is the average price of Metal Casting Services?

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

Market share concentration among suppliers of metal casting services is low; the top four vendors in the market (Precision Castparts, Waupaca Foundry, Grede Foundries and Allegheny Technologies) account for just under 20.0% of market revenue. There are an estimated 1,618 companies offering metal casting services in the United States. Low... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Production Costs

How readily available are your products or equipment parts?

Do you offshore your production overseas? If so, which countries do you offshore your production activities to?

Do you offer ongoing staff training and development? If so, how much is spent annually on this training?

How do you address fluctuations in the costs of raw materials? How does volatility in raw material costs affect the prices that buyers pay?

How do you achieve efficiency in your operations (e.g. maximizing fuel efficiency in service delivery)?

Cost Savings

What is the volume at which you are willing to offer a discount? How much of a discount is it?

How does the contract term length affect price?

Do you offer any samples of metal casting products prior to purchase?

Do you offer any customer rebates? If so, do you impose certain requirements?

Subcontractors

Does your firm have the capacity to handle our requirements?

Will any subcontractors be hired to work on our project?

If subcontractors are used, what specializations do they have?

Would your need for subcontractors be for capacity or specialization purposes?

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Key elements for every RFP

What should my Metal Casting Services RFP include?

Project Budget

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.

Selection Criteria

Buyers should specify what measures of quality they will be using to select a supplier. For example, these measures can be adherence to specifications, delivery performance and level of customization.

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.

Project Schedule

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 Metal Casting Services supply chain?

Buyers of metal casting services face a moderate level of risk from the supply chain. Vendors in this market rely on inputs from a variety of upstream suppliers, including steel and aluminum producers. Because purchases make up more than 40.0% of the average vendor’s cost structure, buyers should be aware... Subscribe to learn more.

HIGH

MEDIUM

LOW