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Procurement Market Intelligence Report

Trash Bags
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Trash Bags?

What is the average price of Trash Bags?

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

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 Trash Bags 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 is a high level of market share concentration in the trash bags market, with the top four companies accounting for more than 50.0% of total market revenue. Although there are more than 300,000 suppliers of trash bags, the market has been largely dominated by the Clorox Company and Alcoa... 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?

Customer Service

What is the best method to reach your customer service representatives? Does this preferred method change based on the type of issue?

What is the typical turnaround time for a customer service inquiry?

How do you track customer questions and problems? How do you utilize such information to adjust services?

Do you have references from similar buyers?

Quality Control

What quality control procedures do you have in place? How often do you check for quality?

How do you test the effectiveness of your quality control procedures?

How often do you update your procedures?

What kind of training do your employees receive? How often is training content updated? How often are employees refreshed?

Financial Stability

How does your company differentiate itself in the market?

How do you compete with larger vendors?

How has your company fared compared with the overall market?

Who are your key buyers? How have you strategized to expand your customer base?

How have you mitigated the financial risk stemming from the coronavirus pandemic?

Cost Control

How has your company adjusted to plastic price volatility?

What procedures do you have in place to ensure operational efficiency?

How do you ensure that your vendors offer you the best prices? How is this reflected in my prices?

Has your ability to distribute market products promptly changed, given the disruptions in your supply chain caused by the coronavirus pandemic?

Distribution Capabilities

How many manufacturing locations do you have? How about warehousing operations?

What are the production or distribution capabilities for each of your locations? Which of these locations will be supplying my business?

What are your transportation procedures? How do these procedures affect my costs?

How do you limit transportation-related risks?

Scope of Product Offerings

What additional products do you offer?

Do you have product reviews? How do your other products compare to competing products?

How do you adjust prices for larger orders?

How does ordering multiple goods affect lead time?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should include the total value of the contract for the trash bags.

Buyers should specify terms for price adjustments during the term of the contract.

Buyers should reference the Benchmark Price section of this report to determine if they are paying competitive prices for trash bags.

Buyers should include their preferred methods and frequency of payments.

Selection Criteria

Buyers should evaluate vendors on the quality of their customer service.

Buyers should give preference to vendors that can meet their requirements for production capabilities.

Buyers should look for providers that have an extensive product catalog.

Buyers can reference the Buyer-Decision Scorecard section of this report for additional criteria with which to evaluate vendors.

Project Schedule

Buyers should indicate the date when vendors’ proposals are due.

Buyers should include the date that vendors will be notified of contract awards.

Buyers should indicate the desired length of the contract, if applicable.

Buyers should specify the date by which the trash bags must be delivered.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain risk in the trash bags market is moderate. Much of this risk comes from plastic and resin manufacturers and upstream petroleum refineries. Petroleum refineries are responsible for supplying plastic manufacturing plants with the chemical compounds necessary for producing plastic. The world price of oil, which is the... Subscribe to learn more.

HIGH

MEDIUM

LOW