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Procurement Market Intelligence Report

Security Shutters
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Security Shutters?

What is the average price of Security Shutters?

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

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 Security Shutters 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 ?

Market share concentration among security shutter vendors is low, with the top four vendors accounting for less than 20.0% of the market's revenue. There are more than 900 suppliers in operation, including manufacturers and retailers. Most security shutter vendors are small, local owner-operators with few employees. In the past three... 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?

Experience

How long have you been in the business of manufacturing, retailing or installing security shutters?

Is your firm insured or bonded?

Are you now or have you ever been involved in a merger, acquisition or other divestment? How does this impact your business?

What are some problems with your balance sheet?

Tell me about your financial strength what is your capacity to fill future supply orders?

Supply Chain

How does an increase in raw material prices affect both your business and mine?

How would you deal with cost changes for manufacturing machinery?

Prices for some of your inputs have been volatile in the past. Do you have a plan for mitigating supply chain risk due to a price fluctuation?

Can you tell me about a time when there was a disruption in your supply chain? How did you fix it?

What percentage of your supply chain is vulnerable to China's current market dynamics during the COVID-19 pandemic?

Product Quality

What is the average service life of your shutter products?

How often are defective products reported?

If a faulty shutter is delivered, how quickly will I receive a replacement? Who pays for the shipping cost?

Can you describe your quality control process?

Customer Service

How are customer service inquiries handled?

What is your response time in the event of a product malfunction?

Do you employ a staff of customer service representatives?

Do you have any records of a time when a client's product was defective and you responded promptly?

Delivery & Installation

What steps do you take to ensure delivery and installation times are accurate and dependable?

How do you transport your products?

When do you generally install shutters?

How does the quantity of my purchase affect delivery price? Can I save on delivery costs by scheduling installation at certain times?

What if the product is damaged during installation?

Additional Product Offerings

Are there any other goods and services you supply that pertain to my business?

What advantages are afforded if I choose to bundle security shutters with other related products you sell?

Does my price change if I buy from one location versus another?

If I choose to bundle goods, how will my shipping options change?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify their total budget.

Buyers should state how they wish to pay (installments or single payment).

Buyers should state if additional costs, such as shipping, should be included in the bid amount.

Selection Criteria

Buyers should look for suppliers in their proximity.

Buyers should look for suppliers that can meet the entirety of their requirements.

Buyers should look for suppliers with competitive prices.

Buyers should look for suppliers with proven success and a reputation for quality.

Buyers should reference the Buying-Decision Scorecard section of the report for more information.

Project Schedule

Buyers should provide the RFP due date.

Buyers should provide information regarding follow up interviews.

Buyers should clearly state when they will award the contract.

Evaluate major factors to mitigate risk

How risky is the supply chain?

There has been a moderate level of supply chain risk associated with security shutters during the past three years. The most crucial raw materials for security shutter production are aluminum and related metal products. These raw materials are acquired from a variety of metal wholesaling industries, which helps establish baseline... Subscribe to learn more.

HIGH

MEDIUM

LOW