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?
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?
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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.