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Quality & Safety Inspection 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 Quality & Safety Inspection 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

Quality & Safety Inspection Services - Recent Price Trend

During the three years to 2018, quality and safety inspection service rates have been rising moderately at an estimated annualized rate of 2.1%. Prices have trended upward due to rising demand and an increase in suppliers’ purchase costs, somewhat challenging buyers. At the same time, price volatility has been negligible during the three-year period, providing some relief to buyers.Demand for.

Quality & Safety Inspection Services - Total Cost of Ownership

The total cost of ownership (TCO) for quality and safety inspections is low, whereby additional costs associated with these services add up to nearly half of the benchmark purchase price. Although buyers requiring on-site testing must often cover suppliers’ travel costs, buyers can cut down on travel costs by procuring the services from a local firm. Furthermore, while buyers have to pay for.

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About this Report

This report is intended to assist buyers of quality and safety inspection services. These services are used to ensure compliance with government regulations and voluntary industry standards pertaining to performance, safety and the environment. Suppliers perform tests and inspections to identify potential problems with products, equipment or assets (e.g. buildings or infrastructure). Buyers in the construction, transportation, manufacturing and mining sectors commonly purchase this market’s services. The primary suppliers in this market are known as testing, inspection and certification (TIC) companies.

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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