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Instrumented Control Systems Services


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 Instrumented Control Systems 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

Instrumented Control Systems Services - Recent Price Trend

In the three years to 2018, the price of instrumented control systems services has been rising at an estimated average annual rate of 3.7%. Demand has been robust because instrumented control systems are required to help prevent accidents and system failures in industrial operations. Moreover, prices have displayed high volatility during the period, which has hindered buyers from accurately.

Instrumented Control Systems Services - Total Cost of Ownership

The total cost of ownership is high for instrumented control systems services. Buyers regularly test and upgrade instrumented control systems to ensure that their facilities operate with acceptable safety. Depending on safety and risk metrics facilities are required to meet, buyers will have to add new hardware, design new software and change management procedures. Furthermore, the buyer will.

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About this Report

This report is intended to assist buyers of instrumented control systems services, such as fire and gas monitoring and control. Providers of these design and engineering services help buyers with new infrastructure and upgrade outdated control systems, evaluate existing safety instrumented systems, conduct risk management assessments, audit processes, develop procedures and plan capital improvements to collect data for the control and monitoring of operations. Buyers of these services include electrical power companies, manufacturing plants as well as oil and gas refineries. Instrumented systems are different from process control systems because they are passive and are only activated to respond to set values. This report does not cover energy and utility consulting 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
 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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