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IT Consulting Services


ProcurementIQ’s IT Consulting 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 IT Consulting 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

IT Consulting Services - Recent Price Trend

In the three years to 2018, IT consulting prices have been growing marginally at an estimated annualized rate of 1.2%. Price growth can be attributed to increases in demand and suppliers’ operating costs. However, rapid supplier entry into the market has kept the IT consulting market fragmented and competitive, which has kept recent price growth in check. Buyers have also benefited from low price.

IT Consulting Services - Total Cost of Ownership

Buyers of IT consulting generally incur moderate additional costs outside suppliers’ service fees. The additional costs mostly pertain to the additional hardware and software implementation suggested by the consultant. There are also opportunity costs associated with finding and negotiating with suppliers. Buyers must spend time evaluating and selecting a supplier before the lengthy development.

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About this Report

This report is intended to assist buyers of IT consulting services. IT consulting firms focus on providing the following services: writing, testing and supporting custom software; planning and designing integrated hardware, software and communication infrastructure; and management of computer systems and data processing facilities. IT consulting firms also offer advisory in the aforementioned subject areas. This report does not include services related to hiring IT staff.

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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