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ProcurementIQ’s Laboratory Furniture Procurement Research Report helps simplify the purchasing process. This report provides tools such as pricing trends and forecasts, supplier benchmarks and negotiation questions to help you work with internal stakeholders and executives to manage the procurement process for your company. With this information, your company will be able to make credible and knowledgeable decisions regarding purchasing Laboratory Furniture.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Laboratory Furniture - Recent Price Trend

The average price of laboratory furniture has been increasing at an estimated average annual rate of 2.9% in the three years to 2018. Rising demand and increasing prices for raw materials have been contributing to the upward trend in laboratory furniture prices.Laboratory furniture is often a one-time expenditure due to its long life expectancy; however, it is considered a continuing cost for.

Laboratory Furniture - Total Cost of Ownership

The total cost of ownership (TCO) for laboratory furniture is moderate. After the initial purchase, buyers can face fees that buyers negotiate associated with the receiving and setup processes. In some cases, the additional shipping, handling and installation costs can be more than 50.0% of the benchmark price. For example, a $489, 120-pound solid-oak mobile storage cabinet from Diversified.

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About this Report

This report is intended to assist buyers of laboratory furniture. Laboratory furniture products include casework such as lab benches, carts, tables, fixtures, cabinets and shelving. Key buying institutions include schools, universities and research establishments that are engaged in laboratory education or use. Laboratory furniture is purchased on a stock or custom basis and can be delivered either assembled or unassembled. This report excludes laboratory equipment such as fume hoods or refrigerators, as well as laboratory furniture rental 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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