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Machine Shop Services

Overview

If your company is looking to save time and money during the initial stages of the buying process, ProcurementIQ’s Machine Shop Services procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Machine Shop Services, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Machine Shop Services - Recent Price Trend

In the three years to 2018, the price of machine shop services has been rising only marginally at an estimated average annual rate of 0.2%. Moreover, price volatility has been negligible during the period, benefiting buyers by enabling them to budget accurately for services.In the past three years, federal funding for defense has been rising robustly due to budget increases, boosting demand and.

Machine Shop Services - Total Cost of Ownership

The total cost of ownership (TCO) for machine shop services is low, whereby additional costs associated with the service amount to less than 50.0% of the benchmark purchase price per year. However, the TCO is strongly contingent upon the pricing model being used; while the time and materials model is more inclusive of all related costs, the fixed price model leaves room for additional surcharges,.

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About this Report

This report is intended to assist buyers of machine shop services. Operators in this market provide a variety of services, including stamping, turning, boring, tapping, bending, grinding, polishing, drilling, punching, electrochemical machining, water jet cutting and milling, among others. Service providers cut raw materials like metal, plastic and composite materials into buyer-specified shapes and sizes. The primary buyers of these services are aircraft manufacturers, tank and armored vehicle manufacturers, general-purpose machinery manufacturers, and engine and turbine manufacturers. This report excludes metal welding, forming and forging services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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