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Procurement Market Intelligence Report

Foreign Language Training Software
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Foreign Language Training Software?

What is the average price of Foreign Language Training Software?

This procurement report includes pricing information to help you purchase Foreign Language Training 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 Foreign Language Training 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 Foreign Language Training 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 Foreign Language Training 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 Foreign Language Training 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 ?

Market share concentration in the foreign language training software market is moderate, with the four largest market providers accounting for about 40.0% of revenue in 2019. About 60 vendors operate in the US market, including specialized providers and multiline providers. The market for foreign language training software is moderately... 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?

Curriculum

How successful have your students been in achieving fluency? Has your software shown any proven increases in language proficiency exam scores for users?

Does your curriculum focus on reading, writing, speaking, listening or a combination of these?

Who writes the curriculum for each learning module?

How often do you update the curriculum featured in your software?

Satisfaction

How do you track customer satisfaction?

What common customer complaints have you had in the past three years?

What changes have you made in response to customer feedback in the past three years?

Do you offer a trial period for the software?

Integration

Which operating systems are compatible with your software?

Does your software integrate with other software offerings?

Do you offer related software that can be integrated with foreign language training software?

Have your customers encountered any difficulties integrating your systems with existing IT setups in the past?

Cloud Computing

How do your SaaS offerings compare to your on-premise offerings?

What cost savings does cloud-based software provide compared to solutions that are installed on buyers' computers or other devices?

Where are your servers located?

How often do your clients using the SaaS delivery model experience slowdowns due to connection problems?

Competition

How do you compete with freeware versions of foreign language training software?

How do you compete with alternatives such as language schools?

How do you attract programming talent? How do your programmers set you apart from your competitors?

What is your reputation among suppliers? What is your reputation among buyers?

Technology

What improvements are you currently planning? Do you have a calendar of future enhancements?

What new features or functionality have you added in the past year? What improvements do your customers request most frequently?

How often do you perform maintenance? Will I experience service disruptions during maintenance?

What is the size of your research and development budget?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should state the expected budget for foreign language training software.

Buyers should describe any preferred terms they have for invoicing and payment.

Buyers should refer to the Benchmark Price section of this report to determine whether they are paying a competitive price for the software.

Selection Criteria

Buyers should evaluate the foreign language training software based on the features it offers.

Buyers should consider how easy it is to use the foreign language training software.

Buyers should evaluate the software based on its accessibility.

Buyers should reference the Buying-Decision Scorecard section of this report for detailed descriptions of additional selection criteria.

Project Schedule

Buyers should state the final submission date for proposals.

Buyers should include the date by which the software must be fully implemented in their operations.

Buyers should include the date that providers will be notified about contract awards.

Buyers should disclose how long they expect the contract to last, if applicable.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Supply chain risk for the foreign language training software market has been low in the three years to 2019. This level of risk boosts buyer power because it means that providers are less likely to experience upstream disruptions that increase their operating expenses. Consequently, providers are often more willing to... Subscribe to learn more.

HIGH

MEDIUM

LOW