Learn about actual and potential costs
How much should I pay for Procurement Consulting Services?
What is the average price of Procurement Consulting Services?
This procurement report includes pricing information to help you purchase Procurement Consulting 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 Procurement Consulting 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 Procurement Consulting 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 Procurement Consulting 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 Procurement Consulting 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 ?
The procurement consulting market has a moderate level of concentration. The world's largest professional service and consulting companies operate in this market, and they are estimated to generate more than 30.0% of total market revenue combined. Even so, the market remains fragmented among the large number of boutique consultancies and... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Does your company specialize in a particular industry or in procurement of specific products or services? If so, which?
Have you worked with a client of a similar size to me that had similar issues? What was the outcome?
Does your staff have the expertise necessary to advise on coronavirus-related sourcing issues? How have you helped other clients facing disruptions from this pandemic?
Does the industry in which my company operates impact the type of services you recommend?
How many clients have you worked with in my industry? Can you provide references?
Do you use proprietary software or technology when updating my procurement systems? Is there a discount when purchasing software from you?
Is it required to use your software, or can you work to update our own internal systems?
What are the advantages of using your software as opposed to what is already in place?
Does your software need to be licensed? What are the associated fees?
What happens to my information if I decide to change software suppliers?
Who are your largest competitors and what makes you stand out from the competition?
Do you offer any incentives for changing suppliers?
What do you consider to be best practices in terms of switching providers?
What is the average ROI of your clients and how does that compare to the industry standard?
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Key elements for every RFP
What should my RFP include?
Buyers should specify their budget for procurement consulting services.
Buyers should list payment schedules.
Buyers should request detailed cost breakdowns for the services requested.
Buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.
Buyers should evaluate vendors based on their methodology and the quality of their work plan.
Buyers should select vendors with industry expertise and extensive experience with projects that are similar in scope to the buyer's.
Buyers should consider references from previous clients to evaluate vendor reputation and customer service.
Buyers should also evaluate vendors based on cost.
For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should outline when proposals must be submitted.
Buyers should communicate to prospective suppliers when bid awards will be posted.
Buyers should state when the consulting services should begin.
Buyers should outline the length and terms of the contract and cancellation policy.
Evaluate major factors to mitigate risk
How risky is the supply chain?
There is a low level of supply chain risk in the procurement consulting service market, which supports buyer power by limiting the risk of service interruptions or price shocks due to supply chain issues. Providers in this market do not depend on many inputs that threaten the availability of service,... Subscribe to learn more.