Learn about actual and potential costs
How much should I pay for Label Applying & Printing Devices?
What is the average price of Label Applying & Printing Devices?
This procurement report includes pricing information to help you purchase Label Applying & Printing Devices. 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 Label Applying & Printing Devices 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 Label Applying & Printing Devices 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 Label Applying & Printing Devices?
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 Label Applying & Printing Devices 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 top four firms in the label applying and printing device market account for more than 50.0% of total market revenue, which indicates high market share concentration. Market share concentration has increased in the three years to 2021, as primary manufacturers have made significant gains in the market. Furthermore, Wesco,... 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?
If the price of raw materials shifts unexpectedly, how will product prices be impacted? What have you put in place to control your costs?
Do you provide discounts for ordering related goods in advance? If so, how much are the discounts?
How has the average price of your products changed in the past three years? How do you expect your prices to change in the next three years?
If applicable, what type of discounts do you receive for being a member of a buying group?
Location & Shipping
Will all devices and related goods ship together or in separate shipments if some products are not in stock at the time of purchase?
What devices or related goods are commonly out of stock? What devices or related goods do you expect will take longer to deliver?
How flexible are you with specific dates and times of delivery?
If I have multiple business locations that I want devices shipped to, how will you determine shipping charges?
If you are not located in my region, what difficulties do you expect to encounter while delivering my purchase?
Do you source materials with high exposure to market disruptions resulting from the coronavirus pandemic? How are you coping with these disruptions?
Service & Product Support
What type of product support do you offer?
If my label device breaks down, do you provide loaner devices while mine is being repaired? If so, is there an additional charge for loaning a device, and is ink and label stock included with the loaned device?
Do you provide product support for repairs or do you outsource it to another company? If you outsource it, do I have a choice who services my device?
Do you have a buy-back program? If so, what are the terms of the program?
If I am not satisfied with the label device I purchased, what is your return or exchange policy?
Amid widespread health concerns, what contingency plans are in place to mitigate the risk to your clients and employees?
If you are a member of a buying group, which one are you in? What benefits do you receive?
What suppliers do you work with?
If you are a wholesaler, how have you selected to carry the brands you offer? What deals or discounts do you have with the manufacturers of those brands?
What experience do you have selling products to buyers in my industry?
Based on prior experience, what type of label applying and printing device would you recommend for me?
What can I do to speed up the purchase of label devices?
What industries most commonly use the label device I am interested in?
What is unique about your customer support that I would not be able to find from any other supplier?
What advantages do the devices you carry have over your competitor's devices?
What incentives, if any, do you offer to keep a client?
How do you recruit new customers?
How long, on average, do you work with a customer?
How have you developed and maintained your relationships with customers?
Cost of Related Goods
If I bundle the purchase of related goods with the initial purchase of a label device, what type of savings will I see?
If I want to purchase additional related goods after my initial purchase of the label device, can I still earn discounts by purchasing from the same supplier?
Do you provide any trial periods of certain related goods so I can make sure it is the product I want to use with my label device?
What type of training do you offer to ensure my employees are using the label device to its full capacity?
“Sending out RFPs used to be a nightmare”
Let’s chat about how procurement market intelligence can reduce
the time you spend issuing RFPs.
Key elements for every RFP
What should my RFP include?
If one exists, buyers should specify their budget for the labeling devices and other requested products.
Buyers should outline payment schedules.
Buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.
Buyers should evaluate suppliers based on their inventory, their delivery times and their financial and supply chain stability.
Buyers should ensure that the provider's products meet their specifications.
Buyers should ensure that devices are compatible with their existing stock of consumables (e.g. label stock and ink), if applicable.
Buyers should request references from current and former clients.
For detailed selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should outline the length and terms of the contract and cancellation policy, if applicable.
Buyers should outline when proposals must be submitted.
Buyers should communicate to prospective suppliers when bid awards will be posted.
Buyers should include the date by which the devices must be delivered.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for label applying and printing devices poses a moderate level of risk to buyers due to the unstable prices of many first tier inputs. Suppliers primarily rely on semiconductors and electronic components, plastic materials and resin, computer peripherals, and iron and steel as material inputs. Plastic, iron... Subscribe to learn more.