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Procurement Market Intelligence Report

Railroad Track
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Railroad Track?

What is the average price of Railroad Track?

This procurement report includes pricing information to help you purchase Railroad Track. 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 Railroad Track 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 Railroad Track 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 Railroad Track?

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 Railroad Track 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 ?

Among the estimated 3,000 suppliers of railroad track in the United States, the top four operators account for less than 30.0% of total market revenue, signaling a low level of concentration. The vast majority of suppliers are retailers, many of which must compete intensely in terms of price in order... 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?

Supply Chain

Has high volatility in the price of steel affected your business in the past three years?

What suppliers do you rely on? Do you have any backup suppliers in case your primary suppliers fail?

What buying markets do you cater to? Are these markets risky?

Are you vertically or horizontally integrated? How does this affect your offerings to buyers?

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?

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 changes in demand?

Inventory

How large is your current inventory?

How long will your current inventory last if there is a supply disruption?

How many varieties of track materials do you offer for my project?

Is your inventory kept in a secured location?

Delivery

How do you ensure on-time delivery?

Who are your primary shipping suppliers? How long have you been using them?

Have you experienced any issues with shipping during the past three years? If so, how did you resolve them?

Do you work alongside track installers when planning and executing shipping?

Related Services

What services do you provide in addition to supplying railroad track?

Do you partner with any service providers?

Can I get a discount by purchasing related services in addition to railroad track?

Do you plan to expand your service offerings in the coming years?

Regulation

How have you responded to new regulations in the railroad industry?

Have changing regulations negatively impacted your business during the past three years?

Do you adjust your production methods in anticipation of new regulatory changes?

Have you had to increase your prices as a result of regulatory changes?

Customer Service

How do you maintain effective communication with buyers during and after the purchasing process?

Will there be one account manager on my purchase or will I deal with multiple people?

Who do I contact if there is a problem with my track?

Do you offer on-site assistance and consultation?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify the total budget for the railroad track.

Vendors should include a cost schedule for their products, as well as any other costs for which buyers are responsible (e.g., shipping).

Selection Criteria

Buyers should evaluate the extent to which the products meet their needs.

Buyers should evaluate vendors based on their cost proposals.

Buyers should evaluate the useful life and safety record of the products.

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

Project Schedule

Buyers should include the date proposals are due and any other relevant dates (e.g., inspections, etc.) prior to the contract award.

Buyers should include the date by which they must receive the products.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain for railroad track is moderately risky. Among upstream markets, iron ore mines and steel rolling and drawing suppliers carry the most risk because they often adjust prices in response to shifting demand and fluctuating steel costs. Additionally, there is currently a global steel shortage, which has added... Subscribe to learn more.

HIGH

MEDIUM

LOW