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Procurement Market Intelligence Report
Wood Veneers
Sourcing Guide & Market Trends
Comprehensive intelligence for making smart purchasing decisions
Learn about actual and potential costs
How much should I pay for Wood Veneers?
What is the average price of Wood Veneers?
This procurement report includes pricing information to help you purchase Wood Veneers. 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 Wood Veneers 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 Wood Veneers 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 Wood Veneers?
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 Wood Veneers 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 ?
The wood veneers market has low market share concentration, with the top four companies accounting for only about 23.0% of the total market. Market share concentration has been increasing marginally in the three years to 2019 due to gains that major vendors have made in the market. Still, the market... 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 typical response time for client queries? What is the best method to reach someone that can answer my questions?
Are there experts I can talk to about the specifications my organization requires? How available are your experts for consultation?
What system(s) do you have to handle customer service issues?
Can you provide any customer references? Can you provide examples of customer service responsiveness?
Financial Stability
What market do you normally serve? What is your market strategy
How have you adjusted to rising input costs? How does this affect your operations? How will it change the prices you offer my organization
How have you diversified your operations, if at all?
Can you provide financial figures and documentation?
Technical Infrastructure
Do you harvest your own wood? If so, which species do you harvest?
What sort of cuts can your machines perform?
How does your technology reduce lead times for specific types of wood? What about for thicker veneers or ones with adhesives?
What maintenance procedures do you have for your machinery? How often are they performed?
Quality Control
Do you have samples available? How recently were these samples made?
What quality inspection procedures do you have in place? Do you have a designated quality control person?
What methods do you use to fix wood imperfections?
How do you replace defective products? How fast is the turnaround for a product replacement?
What are your storage procedures for the wood veneers? What methods do you implement to reduce color loss or mold?
Market Experience
How long have you made wood veneers? How experienced are your employees?
Do you have technical experience in furniture design or construction
Can you recommend a wood type that would help me save on this purchase?
Do your employees receive training for machinery or veneer processing? What does this training entail?
Transportation Infrastructure
Where are your manufacturing and warehousing locations? What is the capability of each?
Which locations will I be sourcing from? How does this limit my transportation costs?
How do your transportation procedures maximize efficiency? How do they limit transportation risks?
How often do you review your transportation procedures?
What are your rush order procedures? What is the maximum volume you can handle?
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Key elements for every RFP
What should my RFP include?
Project Budget
Buyers should state their total budget for wood veneers.
If buyers require an ongoing supply contract, buyers should provide their monthly and annual budget.
Buyers should provide a breakdown of their budget by item, listing individual budgets for specific products being requested.
Buyers should state whether their budget includes any additional costs, such as shipping costs.
Selection Criteria
Buyers should consider the price of the wood veneers from each supplier.
Buyers should consider each supplier’s ability to provide products that meet the buyer's specifications.
Buyers should consider suppliers' inventory and potential for delayed shipments due to backorder.
Buyers should consider the level of customer service from each supplier, using customer reviews to determine this quality.
Buyers should reference the Buying-Decision Scorecard section of this report for a list of key criteria to consider when evaluating providers.
Project Schedule
Buyers should provide a list of key dates that pertain to the RFP process, such as the final dates to ask questions and submit bids.
Buyers should provide a list of key milestones that will occur throughout the contract period, such as the date of the first shipment.
If an ongoing supply contract is being provided, buyers should state the frequency of shipments.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain risk for wood veneer suppliers is medium. Although operators are particularly vulnerable to supply chain risks from wood products because veneers cannot be constructed without wood, wood supply risks are limited. While logging firms and sawmills contribute some risk to the supply chain, suppliers typically source wood... Subscribe to learn more.