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Procurement Market Intelligence Report

Pressure Measurement Instrumentation
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Pressure Measurement Instrumentation?

What is the average price of Pressure Measurement Instrumentation?

This procurement report includes pricing information to help you purchase Pressure Measurement Instrumentation. 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 Pressure Measurement Instrumentation 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 Pressure Measurement Instrumentation 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 Pressure Measurement Instrumentation?

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 Pressure Measurement Instrumentation 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 pressure measurement instruments market has a moderate level of market share concentration. There are about 900 suppliers operating in the United States, with the top four suppliers (Honeywell, GE, Grainger and Texas Instruments) accounting for just less than 50.0% of total market revenue. While there is a wide variety... 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?

Product Quality

How often do the products need to be calibrated?

What is the average life span of the pressure measurement instruments?

What types of metals do you use to produce the pressure measurement instruments?

How do you ensure product quality? What inspections or quality tests do you use?

COVID-19

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?

Amid widespread health concerns, what contingency plans are in place to mitigate the 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 or reduced demand?

Product Lines

What other related goods and services do you offer with the purchase of pressure measurement instruments?

What other products do customers usually purchase with pressure measurement instruments?

Excluding price discounts, what are some benefits of purchasing other products?

What types of bundling discounts do you offer to customers purchasing multiple types of items at once?

Customer Service

What is the extent of your customer service? Are customer service representatives available around the clock?

What are some major complaints you have received from previous clients?

What is your return or exchange policy?

What is the average time for you to resolve a customer complaint?

Do you offer maintenance and repair services? If not, can you recommend any providers of these services?

Experience & Expertise

How long have you been manufacturing pressure measurement instruments?

Could you provide a list of your major clients as references?

What are some fields that your product specializes in?

Which product would best fit my needs?

Competition

How do you stay competitive in the market?

What is your reputation among clients? How have you developed your reputation?

How is your product better than that of your competitors?

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

How often do you match competitors' prices or honor their promotions?

Shipping

How long does shipping take to get to my location?

How much does the shipping cost?

How do you ensure delivery to arrive on time?

How do you compensate buyers for late deliveries?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should state the budget of the contract.

Buyers should request information about shipping costs and terms.

Buyers can consult the Benchmark Price section of this report to determine how much they should pay for pressure measurement instruments.

Selection Criteria

Buyers should assess the expected quality of pressure measurement instruments.

Buyers should take into account the level of customer service a vendor is able to offer.

Buyers should evaluate the delivery capabilities of a vendor.

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

Project Schedule

Buyers should include a deadline for proposal submissions and give the dates by which they will evaluate samples and announce the contract award.

Buyers should include the desired shipping date as well as information about delivery locations.

Evaluate major factors to mitigate risk

How risky is the supply chain?

There is a moderate risk of supply chain disruptions that can affect the price or supply of pressure measurement instruments. The bulk of the supply chain risk stems from suppliers' reliance on upstream vendors of pressure measurement instruments, such as iron ore miners. These upstream vendors have a significant influence... Subscribe to learn more.

HIGH

MEDIUM

LOW