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Procurement Market Intelligence Report

Paper Shredding Machines
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Paper Shredding Machines?

What is the average price of Paper Shredding Machines?

This procurement report includes pricing information to help you purchase Paper Shredding Machines. 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 Paper Shredding Machines 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 Paper Shredding Machines 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 Paper Shredding Machines?

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 Paper Shredding Machines 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 for paper shredding machine suppliers is low, with the top four companies accounting for less than 30.0% of total market revenue. ProcurementIQ estimates that the market is highly fragmented, with about 11,930 suppliers of paper shredders. Market fragmentation originates, primarily, from low barriers to entry. Barriers... 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?

Quality Control

Do you check for quality manually or through automation?

How many quality checks do perform on each paper shredding machine?

What kind of training do your employees that handle the shredders receive? How often is this training refreshed?

Do you have references from other buyers with similar needs regarding your company and the products you offer?

Financial Stability

How does your firm manage its edge in a highly competitive environment?

Can I see your financial statements to evaluate your company’s financial health?

How has your firm fared with decreasing demand for paper shredding machines?

How has your company accounted for changing input costs? How does this impact your long-term profit margin?

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?

Customer Service

What is the fastest method to reach your customer service representatives?

What is the typical turnaround time for each form of contact?

How should I contact you to adjust my order? How would this affect lead time and extra costs?

How do you measure customer satisfaction?

How have you changed your customer service processes in the past three years in response to client feedback?

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

Product Quality

How do your listed shredding capabilities match up to actual daily use? Can I see a demonstration?

What advantages do your products have over your competitors' products?

Do your products require additional maintenance to continue running at maximum capacity? What level of maintenance do you recommend?

What warranty do you offer with your products? Is there additional insurance available for purchase?

Additional Goods

What additional products do you offer in addition to paper shredding machines?

Do you have additional products in stock or do you have to back order them?

What bundling discounts do you offer?

What volume discounts do you offer?

What new products or solutions have you introduced to address issues brought on by the coronavirus pandemic?

Distribution Capabilities

How many manufacturing locations do you have? What about warehousing locations?

Do you use third-party shipping services? If so, what services do you use?

What procedures do you have in place to ensure transportation efficiency and cost reduction?

How do you limit the risk of product damage during transit?

Amid 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?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify their budget for the paper shredding machines.

Buyers should request information about delivery methods and costs.

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

Selection Criteria

Buyers should evaluate potential vendors based on their ability to meet the requirements described in the RFP.

Buyers should evaluate potential vendors based on their past experience operating in the industry.

Buyers should evaluate potential vendors based on pricing.

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

Project Schedule

Buyers should communicate to prospective suppliers when they will award the contract.

Buyers should provide the date the paper shredding machines should arrive at the agreed upon location(s)

Evaluate major factors to mitigate risk

How risky is the supply chain?

There is a moderate level of risk in the supply chain for paper shredding machines, which detracts from buyer power by increasing the risk of supply disruptions or price spikes. Market vendors source directly from plastic product manufacturers, metal product manufacturers, and semiconductor and circuit manufacturers. Plastic manufacturers... Subscribe to learn more.

HIGH

MEDIUM

LOW