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Procurement Market Intelligence Report

Barcoding Software
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Barcoding Software?

What is the average price of Barcoding Software?

This procurement report includes pricing information to help you purchase Barcoding 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 Barcoding 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 Barcoding 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 Barcoding 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 Barcoding 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 ?

The barcoding software market has a high level of market share concentration, with the top four suppliers accounting for over 50.0% of total market revenue. The market contains about 90 suppliers, but only a small number of enterprise labeling providers generate the majority of market revenue. In the three years... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Experience and Expertise

How long have you provided these products to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

What industry do you most commonly supply this product for?

To what extent will ordering multiple products from your firm allow me to save on costs?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Supply Chain Risk

Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?

Has the availability of raw materials tightened due to the coronavirus outbreak?

Over the past three years, what percentage of your revenue has been dedicated to labor?

How have fluctuations in input prices affected the prices of your products during the past three years?

How do you mitigate sudden price increases in raw materials?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?

How, if at all, has your supply chain been affected by import tariffs levied in 2018?

Regulation

How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?

How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?

What ongoing training procedures do you provide for your staff?

Have you ever been found to be noncompliant with regulatory frameworks?

Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Customer Support

What methods of customer support do you offer users?

Do you provide on-site support and training services? What is the cost of this service?

What is your average response time to customer requests?

What qualifications do your support staff possess? How are they trained to be knowledgeable about the software?

Product Roadmap

How often is your software updated?

What features have you added in recent updates? What features are planned in future releases?

How do you make upgrades more affordable for existing customers?

What percentage of your users typically upgrade to the latest version of the software?

Ease of Implementation

How quickly can your software be installed and ready after purchase?

What kind of assistance do you provide clients as they implement the software into their systems?

Do you require multiple software packages to achieve full automation and integration with third-party software, databases and systems?

Do you offer free demonstrations prior to purchase?

Client Mix

What types of businesses typically use your software?

What percentage of your yearly revenue comes from returning clients?

How do you keep track of client satisfaction?

What are reasons previous clients have switched to different software?

Employees

How do you hire and maintain high-quality staff?

What is the average turnover rate of your staff?

What is the average experience of your employees?

What do you do to keep wage costs low?

Licensing

What type of license would you recommend for my organization's needs?

Can software licenses be resold?

Do you offer or plan to offer subscription pricing for your software?

Do you offer related software or other products that can be bundled at a discounted rate?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should indicate the value of the contract for the barcoding software.

Buyers should include any expectations they have regarding payment methods or frequency.

Buyers should reference the Benchmark Price section of this report to verify that they are paying a competitive price for barcoding software.

Selection Criteria

Buyers should evaluate vendors based on the features of the barcoding software.

Buyers should consider the connectivity offerings of the barcoding software.

Buyers should take the user interface of the software into account.

Buyers should evaluate the customer support offered by the provider.

For further discussion of selection criteria, buyers can reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should state when proposals are due.

Buyers should indicate whether they expect to purchase the barcoding software under a long-term contract.

Buyers should say when contract award notifications will be made.

Buyers should state the date by which the barcoding software must be delivered and implemented in their operations.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Supply chain risk in the barcoding software market has been low in the three years to 2019. Low risk boosts buyer power because it means that providers are unlikely to experience input price shocks or supply shortages from upstream suppliers that would otherwise raise their operating costs, resulting in higher... Subscribe to learn more.

HIGH

MEDIUM

LOW