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Engineering Testing Services

Overview

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 Engineering Testing Services 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
REPORT SNAPSHOT

Engineering Testing Services - Recent Price Trend

The price for engineering testing services has been rising at an estimated annualized rate of 2.4% during the three years to 2018. Overall improvement in macroeconomic conditions have been the main catalyst behind price increases during this period. Specifically, growth in consumer spending has encouraged businesses to invest more in R&D projects. Before businesses introduce new products to the.

Engineering Testing Services - Total Cost of Ownership

Compared with the benchmark price, engineering testing services have a low total cost of ownership. Hidden costs are uncommon, and the costs of testing services end when the job is completed. Nonetheless, hidden costs may vary, to a degree, depending on the type of contract negotiated. Sometimes, contracts are negotiated under a fixed fee model, in which case the up-front price accounts for.

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About this Report

This report is intended to assist buyers of engineering testing services. These services include the analysis of physical, chemical and mechanical properties; rotating machinery and vibration; structural modeling, qualification testing and noise mitigation; and geotechnical, thermal, calibration, electrical and electronic testing, among others. Market services can be performed on site or in a laboratory. Typical buyers of these services are manufacturers in the technology sector. Suppliers are generally engineering firms. This report excludes other forms of laboratory testing, such as medical and veterinary testing.

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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