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Procurement Market Intelligence Report

Parcel Audit Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Parcel Audit Services?

What is the average price of Parcel Audit Services?

This procurement report includes pricing information to help you purchase Parcel Audit 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 Parcel Audit 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 Parcel Audit 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 Parcel Audit 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 Parcel Audit 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 in the parcel audit services market is low, with the top four suppliers account for less than 30.0% of total revenue. The market is highly fragmented, with an estimated 185 providers in operation. During the three years to 2020, the number of market providers has been growing.... 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?

Experience

Why did the last two clients you lost cancel their contracts with you?

What is your renewal rate for clients in my market and how does that compare to your overall rate of renewal?

How long have you provided services to your longest tenured client?

How do you scale your services as your clients' services grow?

COVID-19 (coronavirus)

Do you source materials with high exposure to market disruptions resulting from the coronavirus?

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

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?

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

Competition

How do you attract new clients and retain existing clients?

What is your reputation like among customers and peers, and how have you developed it?

Do you rely heavily on repeat buyers?

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

Quality Control

How do you ensure the accuracy and quality of your service? What systems do you have in place to minimize the number of errors? How often are these systems checked and updated?

Who normally identifies errors when they occur?

How do you collect feedback from clients?

What proportion of revenue do you dedicate to research and development?

Employees

How do you recruit and retain senior staff?

How do you keep your wage costs under control?

What is the average tenure of your employees? Do you have trouble with turnover? How does that affect service delivery?

How many employees work for your company?

Vendor Financial Risk

What happens to my data in the event of your bankruptcy?

How diversified is your client base? Which industries drive the most business for your firm?

How do you adjust your operations in times of high demand and low demand? How do you mitigate demand volatility?

How do you stay up-to-date on market risks and opportunities?

Security

How often is our data and content backed up on your servers?

What are your continuity processes for business interruption?

What encryption standards do you use for data storage and transmission?

Has your clients’ private data ever been compromised? What is your data protection strategy?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should disclose the total value of the contract, if available.

Buyers should detail their expectations for the schedule of payments.

Buyers should include any preferences they have regarding method of payment.

Buyers should reference the Benchmark Price section of this report to verify that they are paying a competitive price for parcel audit services.

Selection Criteria

Buyers should evaluate providers based on the level of savings secured.

Buyers should consider the reporting options providers offer.

Buyers should evaluate the amount of coverage vendors offer, particularly the carriers and types of shipping different providers will audit.

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

Project Schedule

Buyers should indicate when proposals are due.

Buyers should provide the date when contract awards will be announced.

Buyers should indicate the date by which services are expected to begin.

Buyers should disclose any preferences they have regarding contract length.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Supply chain risk for the parcel audit services market has been low in the past three years. This low level of risk benefits buyer power because it means that providers are unlikely to encounter unexpected disruptions to their supply chains that would otherwise raise their operating expenses or prevent them... Subscribe to learn more.

HIGH

MEDIUM

LOW