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Procurement Market Intelligence Report

Safes
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Safes?

What is the average price of Safes?

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

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 Safes 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 Safes?

Market share concentration among safe suppliers is moderate, with the top four suppliers accounting for roughly 40.0% of market revenue. An estimated 10,050 suppliers operate in the market, made up of about 50 manufacturers and roughly 10,000 distributors. It is difficult for a single supplier in the market to gain... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Customer Satisfaction

Do you have any long-term clients we can speak to as professional references? Can you describe their relationship with your company?

What is the average length of a customer relationship for your company?

How do I get in touch if there is an issue with my order?

How do clients typically review your performance?

Product Reliability

What is the average lifespan of this safe?

How often are defective products reported?

Do you offer replacement parts should any individual safe component fail?

Is your production facility ISO certified?

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Key elements for every RFP

What should my Safes RFP include?

Project Budget

Buyers should give a price range for how much they intend to spend on the award.

Buyers should specify whether the quoted price should include any ancillary services such as delivery or haul away of an old safe.

Selection Criteria

Buyers should prioritize suppliers that can offer the most competitive pricing and terms.

Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.

Project Schedule

Buyers should inform suppliers of the date that the RFP was issued.

Buyers should inform suppliers of the due date for responses.

Buyers should inform suppliers of when the final decision will be announced.

Evaluate major factors to mitigate risk

How risky is the Safes supply chain?

There is a moderate level of supply chain risk for safes. Rising steel prices due to the tariffs during the three years to 2019 have forced some suppliers to either accept price increases or adjust their supply chains to source from an exempt country, if they choose to continue to... Subscribe to learn more.

HIGH

MEDIUM

LOW