Learn about actual and potential costs
How much should I pay for Card Key Lock Systems?
What is the average price of Card Key Lock Systems?
This procurement report includes pricing information to help you purchase Card Key Lock Systems. 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 Card Key Lock Systems 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 Card Key Lock Systems 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 Card Key Lock Systems?
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 Card Key Lock Systems 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 ?
There is a high level of market share concentration within the card key lock systems market, which is composed of an estimated 1,100 suppliers. ProcurementIQ estimates that the top four players account for greater than 50.0% of total market revenue in 2020. Among manufacturers, large-scale companies, like Raytheon Technologies (formerly... 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?
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?
Can you provide me with a list of references and their contact information?
How many of your customers are long-term, repeat customers?
How much of your business is based on referrals?
How do you handle customer complaints?
How do you track customer satisfaction?
Do you source materials with a high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?
Amid the widespread health concerns, what contingency plans are in place to mitigate the risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased or reduced demand?
How long have you been in business?
What is your company's sales history for the past five years?
How long has the current management team been in place?
How many manufacturing facilities do you have and where are they located (manufacturers)?
How do you decide which products and brands to carry (wholesalers)?
How much do you spend on research and development (manufacturers)?
How many different suppliers do you source input materials from?
How long have you been in a supply agreement with these companies?
Do you own or maintain any upstream raw material operations?
Have you ever encountered a disruption in the supply of raw material inputs? If so, how did you handle it?
What strategies do you use to deal with input cost volatility?
What are my delivery options and how do they differ in price?
What is your average delivery time?
What are the most frequent causes of delay?
How are shipment delays handled?
What protocols do you have in place to minimize the risk of shipment delays?
How are shipping costs distributed?
Are future software and product updates included or discounted with my purchase?
Are there any other additional fees that are not included in your proposed price?
For how long can you commit to maintaining the quoted price?
How have your prices fluctuated over the past five years? How do you win and retain customers in spite of price increases?
Additional Products & Services
What products and services generate the bulk of your revenue?
Do you offer warranties or product lifetime guarantees?
Are additional services discounted if bundled with my product purchase?
Do you have relationships with any preferred contractors that can provide discount installation services?
Do you offer product training services?
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Key elements for every RFP
What should my RFP include?
Buyers should propose a budget for their order of card key lock systems. This budget should include the cost of lock systems, cards and any spare parts.
In their budget proposal, buyers should include a breakdown reflecting the per-unit cost by system. Buyers should also include costs for delivery, installation and maintenance services, if applicable.
Buyers should verify the method and timing of payment(s).
Buyers should request a warranty or quality guarantee on all purchased lock systems.
Buyers should seek out value-added services. If purchasing additional related products, buyers should seek bundling discounts.
For help creating a total project budget, buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report.
Buyers should select a vendor that is appropriately qualified with strong experience in the market for card key lock systems.
Buyers should select a vendor with a strong reputation as well as a track record of reliable customer service and delivery times.
If purchasing multiple related goods, buyers should select a vendor that can offer bundling discounts or discounts for particularly large orders.
Buyers should score vendor submissions by maintaining a list of key quality and pricing factors that are of highest priority. Buyers can get help determining their selection criteria by referencing the Buying-Decision Scorecard section of this report.
Buyers must clearly delineate the beginning and end dates of the contract.
Buyers should list all key dates in the RFP process. These dates should include deadlines for submissions and inquiries as well as the award announcement date.
Buyers should specify when final bid awards will be announced.
If necessary, buyers should include a schedule for the vendor to complete delivery, maintenance and installation services.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for card key lock systems carries a moderate level of risk, which somewhat detract from buyer power. Major inputs include semiconductors, circuits, copper and aluminum wires and cables, as well as various plastic parts and components. Tariffs, particularly those imposed on aluminum and plastic imports from China,... Subscribe to learn more.