Skip to the content

Procurement Market Intelligence Report

Microphones
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Microphones?

What is the average price of Microphones?

This procurement report includes pricing information to help you purchase Microphones. 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 Microphones 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 Microphones 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 Microphones?

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 Microphones 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 ?

The market share concentration among suppliers of microphones is high. ProcurementIQ estimates there are about 250 manufacturers of microphones that operate in the United States. Although there are thousands of third-party suppliers, only a few are actual manufacturers. The relatively low number of manufacturers operating in the United States is... 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?

Logistics

What are your shipping rates to my facilities? Do shipping rates vary if I need microphones shipped to more than one location?

Do you conduct materials handling training and instruction?

Do you have proprietary distribution capabilities or are microphone shipments made through third-party sources? If applicable, who are the third-party sources and how are their services priced?

What logistical systems do you have in place to manage outgoing shipments?

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

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

Competition

What value-added audio products do you offer that your competitors do not?

How do you stay competitive in the market?

How do your R&D expenses compare to those of your competitors?

How much money do you spend on marketing?

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

Supply Chain

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

How do your manufacturing costs compare to your competitors?

When was the last time you invested in new production equipment?

Can you give a recent example of a decision made by management that controlled costs and increased efficiency?

Vendor Financial Risk

Has your company ever been at risk of bankruptcy?

How much of your revenue comes from your five largest customers? What impact on your profitability would there be if you lost a big customer?

How does your company stay profitable during economic downturns?

How have rising input costs affected your profitability?

Customer Service

Do you offer 24/7 customer account and technical support?

How can customer service representatives be reached? What is the typical response time for each of these methods?

Do you have response-time benchmarks for following up with/problem solving for a client?

Geographically, where will the client's technical support/account manager be based?

Amidst widespread health concerns, 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?

Globalization

Has import penetration adversely affected your operations? If so, how?

Do you import your raw materials or source them from domestic suppliers?

As a supplier located outside the US, how has the value of the US dollar affected your prices?

In what countries are most of your customers located?

“Sending out RFPs used to be a nightmare”

Let’s chat about how procurement market intelligence can reduce 
the time you spend issuing RFPs.

Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify the total budget for the microphones they wish to purchase.

Buyers should include details about per-unit spending expectations and limitations.

Buyers should request detailed information about shipping and handling costs.

Selection Criteria

Buyers should look for providers that can offer microphones that meet the specifications outlined in the RFP.

Buyers should give preference to providers that can meet the budget requirements in the RFP.

Buyers should prioritize vendors that are located nearby to reduce shipping costs and times.

Buyers should look for providers that offer high-quality microphones.

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

Project Schedule

Buyers need to include the date when proposals are due.

Buyers should indicate the date by which the microphones need to be delivered.

Buyers should indicate how they want the microphones packaged and shipped.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Supply chain risk and average vendor financial risk are low in this market due to the wide availability of inputs from upstream suppliers. Though potential instability in the prices of metal inputs, such as copper and aluminum, creates some risk in the supply chain, this risk is mitigated because these... Subscribe to learn more.

HIGH

MEDIUM

LOW