Learn about actual and potential costs
How much should I pay for MRO Inventory Management Services?
What is the average price of MRO Inventory Management Services?
This procurement report includes pricing information to help you purchase MRO Inventory Management 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 MRO Inventory Management 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 MRO Inventory Management 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 MRO Inventory Management 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 MRO Inventory Management 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 ?
There is a low level of market share concentration in the MRO inventory management market. ProcurementIQ estimates that there are 800 service providers in the market, with the top four accounting for less than 20.0% of market revenue. The top four vendors in terms of revenue are W.W. Grainger, Ferguson,... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Upstream Vendor Relations
Where do you source MRO supplies from?
What buying discount level have you earned from upstream suppliers?
Are there any upstream suppliers that you do not do business with? Why?
What do you do to maintain strong relationships with upstream suppliers?
Do you rely on any third-party suppliers, such as MRO supply manufacturers or consulting firms, to perform your services?
How has the coronavirus outbreak impacted your supply chain? Are any products unavailable or on back order?
Are any buyers getting prioritized due to the industry they operate in? Is my organization impacted by this?
How do you win and retain clients?
Have you acquired any new businesses in the last three years? If so, how has this changed your business and services?
Do you depend on repeat clients or are you actively pursuing new clients?
What is your reputation like among other suppliers and how have you developed it?
How often do clients renew their service contracts? What incentives do you offer clients to encourage them to continue using your services?
How do you ensure the highest level of cost savings? What methods or tools do you employ to achieve your goals?
How do you collect criticism from your clients? How do you implement their suggestions for improvement?
Can I view performance statistics?
Do you provide cost-savings benchmarks to clients?
Have you earned any cost-savings bonuses from clients?
“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?
Buyers should invite suppliers to submit bid proposals, making it clear that lower bids will be viewed favorably.
Buyers should set a ceiling for how much the contract is potentially worth.
Buyers should evaluate suppliers on their strategic direction and overall organization.
Buyers should evaluate suppliers on their ability to implement services properly.
Buyers should evaluate suppliers on the breadth and depth of their product and service offerings.
For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should give suppliers the opportunity to ask questions or request clarification. Buyers should provide the due date for questions and the anticipated answer date.
Buyers must provide a due date for final bid submissions.
Buyers must provide the award announcement date.
Buyers must specify the date by which services must be implemented.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for MRO inventory management services exhibits a moderate degree of risk on average. Market vendors rely on inventory management software on the back end of their services to track and monitor supply levels and to perform more advanced services, such as supply chain analysis and asset repair... Subscribe to learn more.