Learn about actual and potential costs
How much should I pay for Tanks & Cylinders?
What is the average price of Tanks & Cylinders?
This procurement report includes pricing information to help you purchase Tanks & Cylinders. 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 Tanks & Cylinders 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 Tanks & Cylinders 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 Tanks & Cylinders?
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 Tanks & Cylinders 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 in the tanks and cylinders market is low, aiding buyer power. There are an estimated 1,440 tank and cylinder suppliers operating throughout the United States, including both manufacturers and wholesalers. The number of providers in this market has slightly fallen in the three years to 2020. ... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
What strategies do you use to acquire and retain customers?
What competitive advantages do you have in relation to other providers in the tanks and cylinders market?
What is your reputation among customers? How have you developed it and how does it help you compete with other providers?
In what ways are the products you provide superior to those of your competitors?
Have you won any quality awards for your tanks and cylinders?
What is the average life span of your products?
Have your customers complained about any consistent quality issues in the past three years? If so, how have you addressed these problems with your products?
What materials are your tanks and cylinders made from, and how does this contribute to their durability?
Supply Chain Risk
How do you minimize production costs? How often do you pass these cost savings on to your clients?
Have you experienced price spikes from any of your suppliers in the past three years? How did these spikes affect your operations?
What strategies do you use to manage your supply chain risk? How are you mitigating your supply chain risk during this pandemic?
How often do you evaluate your supply costs to ensure that you are receiving competitive prices?
Would the bankruptcy of any of your suppliers or buyers adversely affect your operations? How are your suppliers doing during this current recession?
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Key elements for every RFP
What should my RFP include?
Buyers should specify their budget for each individual tank and cylinder as well as a total budget, including costs for labor, maintenance and any additional parts.
Buyers should break down their total budget based on per hour service rates.
Buyers should include a general payment schedule.
For help creating a budget, buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report.
Buyers should select a vendor that is able to build tanks that meet the buyer's quality and budgetary requirements.
Buyers should select a vendor who has a track record of reliability as shown in previous client references.
Buyers should select a vendor that is financially stable enough to remain operational throughout the duration of the contract.
Buyers should create selection criteria weighing key pricing and quality factors. For more information, buyers can reference the Buying-Decision Scorecard section of this report.
Buyers should provide bidders with the project timeline and include all relevant dates.
Buyers should note all relevant dates in the RFP process and when final bid awards will be announced.
Buyers should look to schedule periodic maintenance of tanks and cylinders on behalf of the vendor in order to maximize the life of their investment.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk in the tanks and cylinders market has been moderate in the three years to 2020. This level of supply chain risk reduces buyer power because providers are more likely to experience shocks or disruptions that prompt them to raise prices. Consequently, market providers are often less willing... Subscribe to learn more.