Skip to the content

Procurement Market Intelligence Report

Asset Tracking Software Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Asset Tracking Software?

What is the average price of Asset Tracking Software?

This procurement report includes pricing information to help you purchase Asset Tracking Software. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Asset Tracking Software been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Asset Tracking Software yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Asset Tracking Software?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Asset Tracking Software with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Asset Tracking Software?

Market share concentration in the asset tracking software market is low. The top four companies in the market account for less than 30.0% of total market revenue in 2018. According to ProcurementIQ estimates, there are about 250 asset tracking software providers in the United States. The low level of market... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Incentives

Do you offer any complementary products or services related to asset tracking software? If so, what are they?

What type of discounts do you offer for specific types or brands?

What type of trials do you offer?

Do you offer any training and support services? If so, what are the fees?

Do you have any agreements with group purchasing organizations or integrated delivery networks?

Quality Control

How often do you experience bugs with your software? To what degree are in-process inspections and process controls carried out?

What is the quality-control training process like?

How experienced are your inspection personnel?

What kind of research do you conduct to stay up-to-date with the latest developments in asset tracking?

“Sending out RFPs used to be a nightmare”

Let’s chat about how procurement market intelligence can reduce 
the time you spend issuing RFPs.

Key elements for every RFP

What should my Asset Tracking Software RFP include?

Project Budget

Buyers should specify the number of expected software users and level(s) of software access required.

Buyers should detail the contract term for annual ongoing costs (e.g. system support, upgrade and maintenance charges and license fees) and the desired pricing schedule.

Selection Criteria

Buyers should consider vendors that offer software solutions that meet the requirements of the RFP.

Buyers should review the experience of vendors based on client references and the quality of their customer service.

Buyers should evaluate providers based on the estimated costs of the asset tracking software and services they are providing.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should provide the timeline of the RFP and project.

Buyers must include the date of when proposals are due and when the award information will be available.

Buyers should provide any other benchmark dates that suppliers will need to be aware of (e.g. system testing date and IT evaluation date).

Evaluate major factors to mitigate risk

How risky is the Asset Tracking Software supply chain?

The supply chain for asset tracking software carries a low overall level of risk and has remained unchanged in the three years to 2018. Due to stability throughout the supply chain, the risk of supply disruption or price shocks from upstream suppliers is low. While the overall supply chain... Subscribe to learn more.

HIGH

MEDIUM

LOW