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

Work Lights - Recent Price Trend

During the three years to 2018, the average price of work lights has been increasing at an estimated annualized rate of 1.7%, which undermines buyer power. However, while growth in demand for these products has been causing prices to rise, declining bulb prices and strong competition have been tempering price growth.Work lights are commonly used in construction zones around the country.

Work Lights - Total Cost of Ownership

The total cost of ownership for work lights is low. There are two primary ancillary costs associated with work lights: the cost of energy and the cost of storage. Work lights require energy to operate. This energy can come from different sources depending on the type of unit being used. If the light is corded, it will need to be plugged into a power outlet before it can be charged. If the unit is.

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About this Report

This report is intended to assist buyers of work lights. Work lights, sometimes referred to as portable lamps, are lights that can easily be placed in various positions to provide optimal lighting and are commonly used in construction and industrial settings. These lights are either battery powered or require an outlet to function. Key buyers include construction firms, mining companies, industrial manufacturers and car body shops. This report excludes desk lamps, floor lamps and flashlights.

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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