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Procurement Market Intelligence Report

Surge Suppressors
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Surge Suppressors?

What is the average price of Surge Suppressors?

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

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 Surge Suppressors 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 ?

Suppliers of surge suppressors have a low level of market share concentration, which is supported by low product specialization, moderate barriers to entry and high demand. ProcurementIQ estimates that there are 1,800 suppliers of surge suppressors operating in the United States, with the top four vendors accounting for about one-quarter... 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?

Peer Reviews

What sort of tracking system do you have for customer queries?

Can you explain the processes in place to handle changes in the order?

Have you had any major complaints with past clients? How have you dealt with these complaints?

How do you improve client satisfaction?

How do you ensure a high quality of customer service?

Distribution

Where are your manufacturing facilities located? What about your warehouses?

What are the different capabilities of each facility? What types of surge suppressors does each location offer?

What are your packaging and transportation procedures? How does this limit the risk to the devices during transport?

What discounts do you offer for nearby locations? How does this reduce my transportation costs?

Input Cost Control

How do you plan on adjusting to increases in input prices, such as the expected rising price of steel?

Do you source your materials from multiple suppliers or from a single supplier? How does this affect costs?

How do you minimize administrative and other costs?

How do you check for operational efficiency? How often is this performed?

Quality Control

What is the expected lifetime of the surge suppressor?

What procedures do you have in place to check quality?

Do you require computerized or manual systems to check for quality? How does this enhance quality control?

What is the protocol for damaged or defective surge suppressors? How soon can I expect replacements?

What warranty do you extend for the surge suppressors?

Size of the Supplier

For what size and type of buyer does your firm typically supply surge suppressors?

How much experience does your firm have with manufacturing surge suppressors to the size and specifications I require?

Is there a minimum number of units I must purchase per order?

Do you offer volume discounts with purchases of other electrical devices?

Production Capabilities

What sort of manufacturing capabilities do you possess? How about your storage capabilities?

How often do you perform maintenance on machinery? How does this affect optimal production performance?

How much time do you need to manufacture the required number of surge suppressors?

How many surge suppressors do you manufacture for a typical order?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify their budgets for the surge suppressors and any desired related services and goods.

Buyers should indicate when payment occurs, such as upon award of the contract or over a period of time.

Selection Criteria

Buyers should look for vendors that offer surge suppressors that meet the requirements outlined in the RFP.

Buyers should evaluate vendors based on previous client testimonials and their ability to provide quality customer service.

Buyers should consider the estimated costs of surge suppressors when evaluating proposals.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should provide the date and time when proposals are due and when award information will be made available.

Buyers should include the RFP schedule and expected timeline for product delivery.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Suppliers of surge suppressors have a moderate level of supply chain risk because their upstream suppliers have moderate risk levels overall. Purchases account for a significant portion of the average supplier's revenue, thereby making supply chain risk an important aspect to consider when selecting a supplier. Steel, iron, copper and... Subscribe to learn more.

HIGH

MEDIUM

LOW