Learn about actual and potential costs
How much should I pay for Restaurant Furniture?
What is the average price of Restaurant Furniture?
This procurement report includes pricing information to help you purchase Restaurant Furniture. 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 Restaurant Furniture 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 Restaurant Furniture 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 Restaurant Furniture?
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 Restaurant Furniture 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 ?
Of the estimated 360 suppliers of restaurant furniture, no supplier is expected to account for more than 5.0% of total market revenue, and the top four suppliers command less than 30.0% market share. This indicates that there is low market share concentration among suppliers in 2020. A highly competitive marketplace,... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How long have you been making restaurant furniture?
What are some similar clients you have customized furniture for, along with a list of client references and contact information?
Tell me about similar projects you have worked on in the past. What challenges did you face, and how did you overcome them?
Are your furniture products handmade or machine made? How does this affect price?
How much additional time is required to produce customized furniture?
Will the furniture require a special installation? If so, how will that affect the price?
What types of warranties do you offer?
What are the terms and conditions of the warranty? Does the warranty require paperwork?
How comprehensive are the warranties? Are there any circumstances under which the warranty will be voided? If so, what are those circumstances?
What is your procedure for handling defect and loss claims?
How long does it typically take for a piece of furniture to be repaired or replaced under warranty?
Who is responsible for shipping charges related to warranty claims?
Are clients provided with a dedicated account manager or do they call a general support line?
Do you have response-time benchmarks for following up with a client?
What is your repeat business rate? Why have companies not chosen to renew their contract with your business?
How do you evaluate customer satisfaction and how frequently? Is this made available to clients?
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?
How often do you experience defects with your furniture products? To what degree are in-process inspections and process controls carried out?
How many recalls have you had? Were they voluntary or mandated? What problems created the need for the recalls? How have you handled these recalls?
What is the typical inspection process that your furniture products undergo?
What is the return policy and process for your furniture products? How quickly can I receive a new furniture product if the original is unacceptable?
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?
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Key elements for every RFP
What should my RFP include?
Buyers should state the budget of the contract.
Buyers should propose the payment terms, including dates and installments where necessary.
Buyers should consult the Benchmark Price section of this report to determine average pricing in the market.
Buyers should evaluate the inventory of the supplier and whether they can meet their needs within the desired timeframe.
Buyers should ensure the supplier can deliver the equipment to their location.
Buyers should consider the total costs proposed by the supplier, including how much planning, delivery and installation will cost in addition to the purchase price.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should include the date when proposals are due, when the contract will be awarded and when the expected contract completion date is.
Buyers should include a timeline of date milestones, particularly if it is a complex project with multiple pieces of furniture and more than one location.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The restaurant furniture market is currently exposed to a heightened level of supply chain risk due to effects of the COVID-19 virus. Moreover, because the availability of raw materials is dependent on external influences, such as climate, political and economic conditions, the prices associated with these raw materials change yearly... Subscribe to learn more.