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If your company is looking to save time and money during the initial stages of the buying process, ProcurementIQ’s Barrels & Drums procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Barrels & Drums, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Barrels & Drums - Recent Price Trend

During the three years to 2018, the average price for barrels and drums has been rising at an estimated annualized rate of 1.9% to $3.74 per gallon capacity. Prices have been highly volatile, thereby hampering buyers’ ability to predict future costs and budget accordingly. As prices are forecast to continue growing in the three years to 2021, buyers would be well served to make purchasing.

Barrels & Drums - Total Cost of Ownership

Fortunately for buyers, the total cost of ownership for barrels and drums is low, with the purchase price representing the most significant portion of the overall product costs. While minimal hidden costs are associated with the purchase of this market's products, certain types of barrels and drums may yield higher total costs of ownership than others. For example, buyers that require barrels.

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About this Report

This report is intended to assist buyers of barrels and drums. Barrels and drums are used to store, transport and contain a variety of goods, including water-based substances, oils and hazardous materials. Barrels and drums are primarily made of metal, specifically steel and aluminum, but are also available in polyethylene, which is a type of plastic resin. Wholesalers, manufacturers and retailers sell barrels and drums, and key buyers come from the industrial and construction sectors. This report does not include cans, pails, bins or baskets.

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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