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Product Testing Services


ProcurementIQ’s Product Testing Services procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Product Testing Services to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Product Testing Services - Recent Price Trend

The price of product testing services has been trending upward at an estimated average annual rate of 1.2% during the three years to 2018. Price growth is primarily attributed to increasing demand for product testing services and rising operating costs. As the economy has gained traction in recent years, renewed consumer spending and businesses’ increased investments in the R&D of new products.

Product Testing Services - Total Cost of Ownership

There are no direct hidden costs associated with procuring product testing services, so total cost of ownership is low. Though buyers benefit from a low total cost of ownership overall, they should be aware of the indirect hidden costs associated with purchasing these services. Hidden costs can arise when contracts are unclear about the deliverables of a given project. To avoid hidden costs,.

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About this Report

This report is intended to assist buyers of product testing services. Suppliers perform various physical, chemical and other analytical testing for commercial purposes. Such testing occurs in laboratories or on-site where products are manufactured or developed. Most test results from these services are compared to government standards and metrics set by national associations to ensure uniformity in product safety and quality. Services are offered by large and specialized testing laboratories to buyers from the pharmaceutical, manufacturing and consulting industries. This report excludes medical and veterinary testing labs.

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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