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Procurement Market Intelligence Report

Metal Finishing 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 Finishing Services?

What is the average price of Metal Finishing Services?

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

In 2021, the top four suppliers of metal finishing services account for less than 10.0% of market revenue, indicating low market concentration for the market at large. ProcurementIQ estimates that there are roughly 4,800 distinct enterprises currently operating in the United States. The typical supplier services regional buyers because large... 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?

Relevant Experience

What procedures have you implemented to establish adequate knowledge of the latest technological developments or market changes?

What experience do you have in metal finishing projects similar to ours?

In what ways have you stayed up to date with the latest technical developments of the market? Have you taken any steps toward process automation?

How often have you engaged with companies similar to ours?

How is your business staying up-to-date with changing public health policies related to the coronavirus pandemic?

Company Health

How long have you been in the business of metal finishing services?

Is your firm insured or bonded?

Are you now or have you ever been involved in a merger, acquisition or other divestment? How has this impacted your business?

May I evaluate your balance sheet?

What is the credit score of your business? What steps do you take to increase or maintain that score?

Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased/reduced demand?

Customer Satisfaction

Do you have any long-term clients that can speak as professional references?

Can you describe their relationship with your company?

What is the average length of a customer relationship for your company?

How do clients typically review your performance?

Customer Service

How are customer service inquiries handled?

What is your response time in the event of a treated product malfunction?

How do I get in touch if there is an issue with the contract?

Do you employ a staff of quality control managers?

Do you have any records of a time when a client's product was defective, and you responded promptly?

How have you addressed client challenges during the pandemic?

Have you provided clients any incentives, discounts, or promotional offers to retain or attract services?

Supply Chain

How would you deal with cost changes for manufacturing machinery?

Do you have a plan for mitigating supply chain risk due to a price fluctuation?

How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?

How do you assure the quality of your primary inputs?

Can you tell me about a time when there was a disruption in the supply chain? What did you do to fix it?

Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?

Additional Service Offerings

Are there any other services you supply that pertain to my business?

What advantages are offered if I choose to bundle metal finishing services with other related services such as heat treatment or forging?

Does the price change if I buy from one location versus another?

If I choose to bundle goods, how will my raw metal shipping options change?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should include the budgeting fees for transporting finished products to their designated location.

Buyers should define a cost breakdown of service rates.

Buyers should define payment schedules.

Buyers should state how often pricing can be adjusted.

Selection Criteria

Buyers should evaluate suppliers on whether they price competitively.

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 start date once a supplier is chosen.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain for suppliers of metal finishing services has a moderate level of risk overall. A variety of downstream industries demand upstream inputs, thus supporting their baseline availability. For example, electric power providers exhibit low supply chain risk, which ensures a predictable electrical power supply for market suppliers. Meanwhile,... Subscribe to learn more.

HIGH

MEDIUM

LOW