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ProcurementIQ’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. ProcurementIQ’s Greases procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Greases - Recent Price Trend

In the three years to 2018, the average price of greases has been increasing at an estimated annualized rate of 1.0% to reach $430 per 120-pound keg. This decline has been the result of an increase in the price of crude oil, which is a major input in the production of greases. In addition, growing demand from the industrial and automotive sectors have supported price growth for greases in the.

Greases - Total Cost of Ownership

The total cost of ownership for grease products is less than the benchmark price, indicating a moderate level. The most significant cost of ownership is storage, which should be indoors in a climate-controlled environment. During both storage and use, some static oil bleed (which takes place when the components of grease separate) will occur; however, the rate at which the oil bleed occurs will.

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About this Report

This report is intended to help buyers of greases, which are a type of semisolid lubricant consisting of oil and a thickener. Other ingredients can be added to grease, including rust inhibitors and oxidation preventatives. Because of its thicker consistency, grease has a longer working life than liquid oil lubricants and can perform better under high temperatures. These factors make greases a popular choice for lubricating heavy machinery and other industrial equipment that is hard to take apart and expensive to maintain. Furthermore, silicone greases are often used to lubricate rubber components due the corrosive effect oil has on rubber. Other types of lubricants, such as automotive lubricating oil and hydraulic oil, are excluded from this report.

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
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 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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