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Procurement Market Intelligence Report

Energy Intelligence Software
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Energy Intelligence Software?

What is the average price of Energy Intelligence Software?

This procurement report includes pricing information to help you purchase Energy Intelligence 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 Energy Intelligence 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 Energy Intelligence 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 Energy Intelligence 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 Energy Intelligence 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 energy intelligence software market is fragmented and is considered to have low market share concentration, with the top four vendors accounting for less than 30.0% of total market revenue. This growing market has an estimated 300 suppliers located across the country. Systems and software that control the primary functions... 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?

Hardware Reliability

On average, what level of maintenance is required to ensure all hardware is running properly?

What is the average yearly maintenance cost to keep the system running properly?

How often does a system fail due to faulty equipment? How does your company correct this?

What is the average lifetime of the hardware used to relay data back to the energy intelligence software?

Experience

How long has your company been a supplier of energy intelligence software?

What type of training have your electricians received?

What type of experience does your software development team have?

Who are your top customers?

For how many clients has your company provided energy intelligence software?

Performance

What is the average percentage of energy cost reduction your system can provide?

What square footage does your energy intelligence software provide the best results for?

How has your software advanced during the past three years?

How difficult is it for the buyer to make adjustments and changes to the system? What type of device is used to control the system?

How has your software helped similar buyers operate efficiently during the pandemic?

Competition

How do your prices compare to your competitors’?

How does your software stand out from other available software in the market?

Do you provide any additional incentives to attract customers?

Do you offer discounts for returning customers?

Customer Service

Can you provide testimonials regarding customer service from previous customers?

Does your company have a technical support line? Between what hours does it operate?

Does the installed hardware come with a warranty?

Do you provide free maintenance on faulty or failed hardware?

Supply Chain

Do you manufacture your own hardware used to relay information back to the energy intelligence software? If not, where do you purchase your equipment?

What type of supply agreements do you have with your vendors?

How often do you experience disruptions in the supply chain that impact lead times and installation?

If a disruption occurs that delays the completion of a project, what actions do you take to correct this?

Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle changing demand?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should provide a budget for purchasing and integrating the software.

If the software is priced using a subscription-based pricing model, buyers should state their intended contract length.

If hardware installation is being provided, buyers should state whether the budget listed includes these costs. Additionally, buyers should lay out their policy for potential cost overruns during installation.

Selection Criteria

Buyers should consider the pricing from each supplier, as well as potential installation costs if applicable.

Buyers should look at the past performance of the supplier's software, specifically looking at past clients that have similar facilities or operations to their own.

Buyers should look at the supplier's track record for customer service.

Project Schedule

Buyers should provide a list of key dates that pertain to the RFP process, such as the final date to submit questions and bids.

Buyers should outline their policy on facility inspections in the RFP, if the buyer is allowing suppliers to inspect their facility to provide more accurate quotes. This should include the timeframe in which suppliers will be able to arrive, and what specific dates might not be available.

Evaluate major factors to mitigate risk

How risky is the supply chain?

During the three years to 2020, the supply chain risk associated with energy intelligence software has been low. Low supply chain risk increases buyer power because it indicates that providers are unlikely to run into disruptions upstream that could suddenly prompt them to raise market prices. Consequently, buyers may have... Subscribe to learn more.

HIGH

MEDIUM

LOW