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Reference & Background Checking 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 Reference & Background Checking 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

Reference & Background Checking Services - Recent Price Trend

In the three years to 2018, the price of reference and background checking services has been increasing at an estimated average annual rate of 2.4%, supported primarily by rising market demand. As the national economy has grown, businesses across the United States have hired more employees to facilitate their operations. Oftentimes, companies employ background checks to ascertain an applicant’s.

Reference & Background Checking Services - Total Cost of Ownership

The total cost of ownership for reference and background checking services is low. There are no hidden costs of ownership related to these services. In addition to the benchmark price, buyers often pay initial setup costs if they sign a long-term agreement or will be doing significant business with the supplier, because these agreements often, though not always, include the setup of proprietary.

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About this Report

This report is intended to assist buyers of reference and background checking services. Operators research and compile various records, including commercial, criminal, employment, educational, Social Security and financial data, of an individual or organization. After collating their findings, operators report them to various stakeholders, including landlords, corporations and other organizations. This report does not include consumer credit reporting services or business credit reporting 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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