Learn about actual and potential costs
How much should I pay for Stimulation Fluid Additives?
What is the average price of Stimulation Fluid Additives?
This procurement report includes pricing information to help you purchase Stimulation Fluid Additives. 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 Stimulation Fluid Additives 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 Stimulation Fluid Additives 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 Stimulation Fluid Additives?
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 Stimulation Fluid Additives 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 ?
There are an estimated 75 suppliers of stimulation fluid additives in the United States in 2019. The top four vendors in this market account for more than 50.0% of total market revenue, indicating a high level of market share concentration. During the three years to 2019, market share concentration has... 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?
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?
How long has your company been a provider of stimulation fluid additives?
How long have you been a manufacturer of the specific products I am requesting?
How have your operations changed over the past decade?
Who are some of your major clients operating in the same market as my company?
What methods does your company employ to attract and retain customers?
Why are your products more or less expensive than your competitors'? How does your company's products stand out from your competitors'?
Can you provide a list of clients that can be contacted as a reference?
What have been your most recent improvements to your products? How do your research and development efforts compare to your competitors?
What agreements do you have with your upstream suppliers? How much time is remaining on these contracts?
Do you have secondary suppliers that can provide crucial inputs in the event that your primary supplier is unable to provide a shipment?
What input has the largest effect on the price of your products?
How have the prices of your stimulation fluid additives changed over the years due to fluctuations in the price key inputs?
Shipping and Distribution
Can you provide a list of your distribution facilities?
What is your average on-time delivery rate? When was the last time your company failed to make a delivery on time and what was the cause?
What is your average response and delivery time for new orders?
What logistical systems do you employ to ensure deliveries of made on-time?
Where are your warehouses located in relation to your manufacturing facilities?
What methods do you employ to manage your inventory?
What is the typical inventory level for the particular products I am interested in purchasing?
How often does a product get placed on back order? How long does it typically take to receive a product that is out of stock?
Has your company ever been at risk of bankruptcy? What did your company do to prevent this?
How does your company stay profitable during economic downturns or during periods of decreased oil and gas production?
What large investments is your company making in the near future?
How do fluctuating raw material costs affect your profitability?
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Key elements for every RFP
What should my RFP include?
Buyers should specify the budget for the purchase.
Buyers should include details about the desired per-unit cost and expectations of additional costs.
Buyers should state whether this will be a one-time purchase or ongoing supply contract.
Buyers should include whether they wish to make a payment at the time of the order or upon delivery or through installments.
Buyers should request detailed information regarding shipping costs.
Buyers should evaluate the experience of the supplier by assessing the length of time operating in the industry and any major clients they have served.
Buyers should look at which suppliers are able to provide the greatest percentage of requested items.
Buyers should look at the location of the supplier in respect to the product delivery location.
Buyers should look at the price of the products while also taking into consideration the quality of the products.
Buyers should take into consideration the supplier's track record of delivery performance.
Buyers should include the date in which product samples need to be provided by, if being provided.
Buyers should include the date in which questions to the buyer need to be submitted.
Buyers need to include the date in which proposals are due.
Buyers should include the date when suppliers will be selected to conduct negotiations.
Buyers should include a final selection date.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for stimulation fluid additives has a moderate level of risk regarding supply disruptions. Suppliers depend on chemical wholesalers to provide a wide range of chemicals that are used to manufacture stimulation fluid additives. Although suppliers of stimulation fluid additives depend heavily on these vendors, the chemical wholesaling... Subscribe to learn more.
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