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Overview

If your company is looking to save time and money during the initial stages of the buying process, ProcurementIQ’s Packing Tools procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Packing Tools, 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
REPORT SNAPSHOT

Packing Tools - Recent Price Trend

The price of packing tools has been rising at an estimated annualized rate of 2.0% in the three years to 2018 due to increases in the prices of key raw materials and growth in demand. Price growth has been hampering buyer power in the recent period. In addition, moderate volatility in packing tool prices has been making it more difficult for buyers to plan for their packing tool purchases,.

Packing Tools - Total Cost of Ownership

The total cost of ownership, which is based on the purchase price as a portion of the overall cost of ownership, is low. Fortunately for buyers, there are minimal hidden costs associated with packing tools. The purchase price will be the most significant portion of the overall lifetime product costs. Generally, metal tools are more durable than those made of plastic. Despite the higher cost of.

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About this Report

This report is intended to assist buyers of packing tools. Packings tools are either hand tools, such as handheld tape dispensers, or simple electric tools, such as heated bag sealers, that are often used in packaging applications. Packing tools are standalone devices that are not usually installed on or integrated into larger packaging machines. Common suppliers include online wholesalers and retailers, as well as brick-and-mortar office supply stores. Key buyers of market products include manufacturers, retailers, consumers, warehouse operators and moving companies. This report excludes high-tech packaging machines such as filling machines and shrink wrap machines.

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
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 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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