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Procurement Market Intelligence Report

Meteorological Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Meteorological Services?

What is the average price of Meteorological Services?

This procurement report includes pricing information to help you purchase Meteorological 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 Meteorological 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 Meteorological 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 Meteorological 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 Meteorological 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 ?

Market share concentration for meteorological services is moderate, with the top four vendors generating between 30.0% and 50.0% of total market revenue. There are about 300 vendors in the market. M&A activity is high, especially for the larger players that are looking to expand their geographic reach and specializations.... 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?

Customer Support

Do you offer 24/7 customer service support?

Will your organization be able to anticipate my needs for modified or new services?

How accessible will my account manager be if there is a problem with my account?

How long does it normally take for account managers to follow up with service requests?

How do you evaluate customer satisfaction?

Have you had any major complaints from customers? How have you dealt with past issues?

Is a warranty included? If so, what does the warranty cover?

Experience & Qualifications

What type of relevant research do you conduct to stay up to date with the latest developments in this field?

What are the experience levels of your employees that will be assigned to my project?

Can you tell me about similar projects you have worked on in the past? What challenges did you face, and how did you overcome them?

How do your experience and knowledge give you an advantage in the marketplace?

Competition

Has your firm completed any acquisitions over the past three years? If so, how did this expansion affect your business model?

How do you market your services to potential clients? Do you rely heavily on repeat services?

What incentives do you give to long-term clients to stay with your company?

Do you offer any incentives to firms that refer businesses to your company?

Quality Control

How do you ensure the accuracy of your service?

What systems/tools/software do you have in place to minimize errors?

Where do you source your equipment? Are these supply chains stable?

What is your rate of inaccurate or unusable data? How do you mitigate these losses?

What is your record for finding errors after work has been completed?

Value-Added Services

Do you provide any value-added services? If so, what other services do you offer?

Do you offer discounts for bundled services? If so, what are the terms?

What partnerships do you have? How do your clients benefit from these relationships?

What services beyond the basic RFP, if any, are included in your quoted price?

Timeliness

How have your systems and processes changed to improve delivery times?

How often do you experience problems with the timeliness of transactions?

How accurate are your time estimates for contracts? What is your track record for meeting deadlines?

Do you have any backup systems in place to implement when delays arise?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should include budgetary constraints for services.

Buyers should define payment schedules.

Buyers should state how often pricing can be adjusted.

Buyers can reference the Benchmark Price, Pricing Model and Total Cost of Ownership sections of this report for assistance in creating a budget.

Selection Criteria

Buyers should evaluate suppliers on whether they price competitively.

Buyers should evaluate potential vendors based on their ability to fulfill the technical requirements outlined in the RFP.

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

Buyers can reference the Buying-Decision Scorecard section for additional selection criteria.

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 the date of the award announcement.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Supply chain risk for meteorological services is low. Purchases do not make up a significant portion of the average vendor's internal cost structure, reducing the risk that upstream suppliers will disrupt services. These upstream suppliers provide computers, electronics, software, office space and professional and consulting services to vendors. While some... Subscribe to learn more.

HIGH

MEDIUM

LOW